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 […]
Category Archives: General
More interest rate reductions-but are you making them count
May 11, 2009 – 10:27 am
Arrears
May 1, 2009 – 12:35 pm
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 […]
Budget 2008
October 20, 2008 – 2:27 pm
There was mixed news in Budget 2008 for mortgagors. First Time Buyers will see tax relief increase by 5% in year 1 & 2 and by 2.5% in years 3, 4 and 5. On a €250,000 loan this is a saving of approximately €55 per month and €27 per month respectively. Second Time Buyers on […]
Yes: Mortgages are still available
October 8, 2008 – 12:25 pm
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%
October 8, 2008 – 12:24 pm
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.
Interest Rates
October 8, 2008 – 12:24 pm
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…………..
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