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 […]
Category Archives: Mortgage News
The GREEN Mortgage at BLUE Sky!
November 2, 2007 – 12:22 am
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 […]
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 […]
Finance Ireland Exits Specialist Mortgage Market
October 4, 2007 – 7:18 pm
The decision this week by Finance Ireland to sell their 40% stake in Nua Homeloans to their joint venture partner, Investec came as somewhat of a surprise in industry circles.
The good news for customers and for Irish mortgage brokers is that there is now the prospect of a minimum of six ’specialist’ mortgage lenders remaining […]
Stamp Duty Changes Don’t Go Far Enough!
June 25, 2007 – 12:37 pm
OK, they finally arrived but did they go far enough? The stamp duty changes put forward are a great help to a specific category of first time buyer but no one else will really benefit. What a shame…
The majority of beneficiaries will be urban-based, particularly in Dublin. There will be a limited […]
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