Hopefully the news will be good in relation to mortgage repayments before Christmas as most financial pundits are forecasting a drop in the ECB rate in December of 0.5%. This would be a reduction of approximately €42 per month for a €250,000 loan over 35 years……..fingers crossed its just the start of it…………..
Author Archives: bluesky
New Mortgage Lending Figures Released
November 27, 2007 – 4:09 pm
Today saw the release of some timely information relating to the residential mortgage market in Ireland. The figures were released by the Irish Banking Federation in conjunction with Price Waterhouse Coopers.
One of the more interesting pieces of data released shows that mortgage switches now make up 17.4% of new mortgage lending. This has […]
You and Your Money Prize Winners
November 20, 2007 – 5:39 pm
At the You and Your Money exhibition in the RDS back in September, Blue Sky Mortgages ran a free draw for a new Apple iPhone. There were also three consolation prizes of giant bean bags. The draw was run to coincide with the launch of our brand new website.
The winner of the iPhone […]
The GREEN Mortgage at BLUE Sky!
November 2, 2007 – 12:22 am
Confused? No need to be….
Permanent TSB has just launched what would seem like a brand new type of mortgage but it’s not really….
It’s a bit of a gimmick but as gimmicks go, it’s not a bad one. It is unlikely that you would avail of many of the offers (see below) but whatever […]
Irish Housing Market - latest ESRI/Permanent tsb Data
November 1, 2007 – 6:10 pm
The latest Permanent TSB/ESRI House Price Index was published today.
At a glance, the latest index would appear to paint a relatively positive picture of the market and radio commentators on Newstalk 106 and RTE Radio 1 pointed to the index being evidence of the longed-for ’soft landing’ in the housing market. Unfortunately the […]
Full version of website launched today
November 1, 2007 – 4:44 pm
We have now added the remaining content and features to our website which was launched a few weeks back. The full version is now live - we hope you like it and we would welcome your feedback - good or bad!
Federal Reserve cuts interest rates - a good sign for Irish mortgage customers?
October 31, 2007 – 9:21 pm
Despite being widely predicted, today’s 0.25% interest rate cut by the U.S. Federal Reserve is a welcome relief to credit markets that have been affected badly by the recent credit crunch. This rate cut follows the 0.5% rate cut made in September and moves the federal funds rate to its lowest level since January […]
100% Mortgages – The beginning of the end?
October 22, 2007 – 3:47 pm
Several of the business sections of yesterday’s Sunday newspapers picked up on the recent decision by First Active and Ulster Bank (both part of the Royal Bank of Scotland Group) to tighten their lending criteria for 100% mortgages.
What’s happened?
Up to now, both of these banks would have lent 100% of the purchase price to any […]
Offset Mortgages - A valuable additional option or just a gimmick?
October 19, 2007 – 3:05 pm
First Active has been the main promoter of Offset mortgages in recent years and they have had quite a degree of success.
But what is an Offset Mortgage?
The simple explanation is that your mortgage account is in effect combined with your current account. Any credit balance on your current account is used to reduce […]
I don’t know what a tracker mortgage is…
October 16, 2007 – 8:16 pm
Hats off to Cawley NEA / TBWA for their Financial Regulator ad that was first shown just over one year ago.
It’s not often that a financial services ad achieves anything close to iconic status but this one possibly does and it was followed shortly afterwards by the hugely successful Bank of Scotland / Halifax series […]
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