Happiness is Reduced Repayments

Blue Sky Mortgages Blog

Category Archives: Advice & Information

NEWS RELEASE: Appetite nationwide for “Rent to Buy” housing Scheme

-Blue Sky Financial reports major interest and urges developers banks, NAMA and Government to get on board-
In an Irish housing market that we’ve come to describe as beleaguered, one of the country’s leading mortgage franchises, Blue Sky Financial reports today that over eight thousand potential buyers have signed up to its recently launched “Rent […]

RENT 2 BUY

The Blue Sky Rent 2 Buy register is attracting huge interest with potential buyers clearly of the same belief that prices will continue to fall over the next few years. There are over five thousand currently registered.  We are hoping to have further discussions with several banks and NAMA with the hope that Rent 2 […]

Housing Market Review

The Permanent tsb house price index showed house prices down by over 31% from the market peak of 2007.  As of now, however, there is anecdotal evidence to suggest that prices are down by almost 50% and for some new house developments it could even be as much as 60%.The main driving forces of this are […]

More interest rate reductions-but are you making them count

On May 7th the ECB announced a further 0.25% reduction in interest rates. Rates are now lower than ever  before in Ireland so what can mortgagors do to benefit them in the long term.
If you can leave your repayment the same as you were paying before the rate decreased  then this will shorten the term […]

Arrears

Many Mortgage holders are concerned at their ability to pay their mortgage in the event of losing their job. While there is a lack of stipulation data there is a substancial amount of anecdotal evidence which suggests that the take up on Mortgage Repayment Protection is low. Customers are strongly advised to discuss the situation […]

Yes: Mortgages are still available

Some people think that due to the current credit crunch mortgages are not available at the moment. This of course is not the case.  Mortgage funds are still plentiful, however most banks have cut back the precentage loan they will offer.  The 100% First Time Buyer Mortgage is not available any longer except for affordable housing […]

House prices down by almost 10%

The latest Permanent tsb house price index (August 2008) shows that in the twelve months to August house prices fell by 9.9%.  The twelve month fall to the end of July was 9.4%.Â
The average house price for August was €374,302 in Dublin €232,570 outside Dublin.

100% Mortgages – The beginning of the end?

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?

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…

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 […]