Mortgages & Money

Mortgages & Money
Should NAMA provide mortgage support for homeowners?

Should NAMA provide mortgage support for homeowners?

Should NAMA provide a mortgage support plan for homeowners?

A new home-ownership support scheme that would help protect Irish families whose homes may be threatened by the downturn was proposed yesterday after the second stage of the NAMA legislation was passed on Wednesday night.

Eamon Gilmore said “The people who are having difficulty today in repaying their mortgages are those who had good jobs a year or …

Mortgages & Money
NAMA is coming… will it save us?

NAMA is coming… will it save us?

NAMA is coming... will it save us?

Minister for Finance Brian Lenihan hopes to release the legislation bringing the National Asset Management Agency (NAMA) into play over the coming weeks.

Yesterday was the deadline for Irish banks to report back with a detailed breakdown of their property portfolios, giving NAMA its first chance to review loans across several banks. …

Mortgages & Money
Mortgage Options. What to choose?

Mortgage Options. What to choose?

Mortgage Options. What to choose?

If you are new to mortgages, then it”s also likely that you are new to the options available to you. Annuity mortgage, repayment mortgage (surely they all have to be repaid), offset mortgage, interest only mortgage, endowment mortgage, are all mortgage buzzwords that you will hear being bandied about. But what do they actually mean and which one is for me?

Well, …

Mortgages & Money
Mortgages and Tax: What to do?

Mortgages and Tax: What to do?

Mortgages and Tax

As soon as you buy a house you should let the tax office know your new address. You can then apply for tax relief on the mortgage.

Tax relief covers a house, flat and in some cases a mobile home. It’s also worth noting that you can claim tax relief on any loan used to purchase or repair a property so long as it …

Mortgages & Money
Things to avoid when looking for a mortgage

Things to avoid when looking for a mortgage

Things to avoid when looking for a mortgage

We have all become more careful with cash in recent months and this should also extend to your choice of mortgage products.

  • Don’t take the first mortgage you are offered for fear that you won’t get offered another one.
  • Don’t accept everything that your lender says as gospel. Ask questions and get a second opinion.
  • Don’t get sucked in by …
Mortgages & Money
Mortgage Exit Fees: Up and Out

Mortgage Exit Fees: Up and Out

Exit Fees

Over the past few months banks and lending institutions have increased mortgage exit fees in an effort to avert remortgaging.

Anyone on a fixed mortgage rate will be aware of the benefits of switching to a variable rate mortgage right now. Those on a fixed rate have not benefited from the recent falls in interest rates led by the lower rates of the European Central …

Mortgages & Money
How much is your property really worth?

How much is your property really worth?

Castle

In recent years we have all become a little too obsessed with the value (in euro and cents) of our homes. But now, less and less people are bragging about the value of their homes for obvious reasons. So what is your property actually worth now? Apart from the old rule of economics, that something is only worth what someone is willing to pay for …

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