Blue Sky Financial Blog

Category Archives: Mortgage News

Blue Sky Reaction to Mortgage Arrears Report

Blue Sky Financial says that distressed mortgagors will be very disappointed with the inter-departmental report published today.
“The tone of this report is almost antagonistic towards distressed mortgagors and the best it ultimately offers is the replacement of ownership with social housing tenancy demonstrating a complete lack of understanding of our innate  home ownership psyche. It […]

Blue Sky unveils Debt Forgiveness Campaign

Press release : 04/10/11  Blue Sky unveils Debt Forgiveness Campaign. Blue Sky Financial, the personal finance services franchise, has launched a web based campaign to garner support for a planned strategy to tackle debt forgiveness and mortgage write-downs.  Blue Sky management believes that there is no genuine backing from banks or government for a well thought out […]

Assistance in Mortgage Arrears Documentation

 If you have difficulty in completing a mortgage arrears form for your bank. We offer this service; cost €100. Contact info@blueskyfinancial.ie  or any Blue Sky Financial office.  

Blue Sky to organise Mortgagors Debt Forgiveness Lobby

 Blue Sky to organise mortgage holders in fight for realistic debt forgiveness programme.

Blue Sky Financial this week announced that it is to start a campaign to bring together mortgage holders who are in arrears and negative equity  to form a pressure group which will push for an  immediate programme to bring real solutions to beleaguered […]

Mortgage Market

First quarter mortgage lending figures point to further falls in house prices. The recent and increasingly regular utterances of the opinion that property prices have bottomed out should disappear for a considerable amount of time following the publication of first quarter mortgage lending figures by the Irish Bankers Federation recently.  Of course these ‘opinions’ which […]

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 […]

Switching Mortgages

From Circa November 2009 there was an appetite from some lenders for mortgage switching however AIB has just announced that it is exiting this sector.  KBC and HAVEN remain open for business with the former willing to pay €1,000 towards the costs.Permanent tsb recently announced another 0.5% increase for all their variable rate mortgage customers […]

House Prices

Official figures show that house prices have dropped by approximately 11% in 2008. However, it would appear that they will continue to fall in 2009 particularly in the First Time Buyer sector.  There is a large number of completed new builds for which sales have been very slow over the last eighteen months and poorly located […]

Interest Rates

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…………..

New Mortgage Lending Figures Released

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 […]