Mortgages & Money

Mortgages & Money
Try to be positive about negative equity

Try to be positive about negative equity

Negative Equity

“Negative equity” seems to be the buzz word of the year. We are all obsessed with it and some are almost possessed by it.

Gone are the days of bragging about the value of our homes. Negative equity means that you owe more on your mortgage than your house or apartment is worth. While it is sickening to pay out monthly mortgage repayments over and …

Mortgages & Money
Falling behind with your mortgage repayments?

Falling behind with your mortgage repayments?

Falling behind on mortgage repayments?

Unforeseen circumstances such as illness or redundancy can result in difficult financial situations. So what exactly can you do if you find that you are not able to meet your mortgage repayments?

The first thing to do is to contact your mortgage provider immediately. Don’t stick your head in the sand and pretend it isn’t happening. If you contact them directly, you may …

Mortgages & Money
Choosing an Interest Rate: Variable, Tracker, Fixed or Split

Choosing an Interest Rate: Variable, Tracker, Fixed or Split

Interest RatesDifferent mortgage products will have differing interest rates associated with them. When choosing a mortgage, it’s really the APR that is important. This is the Annual Percentage Rate and is the annual rate of interest including all other charges, the term of the loan and the interest rate.

Your lender might also talk about the CPT or the Cost per Thousand. This is the cost …

Mortgages & Money
Mortgage Protection – Til death do us part.

Mortgage Protection – Til death do us part.

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Pretty much every mortgage will have a mortgage protection policy attached to it. Most lenders and will insist on you taking out mortgage protection before they will give you a mortgage. It works like a life assurance policy on the mortgage and insures that the mortgage is paid off if the owner dies. As your circumstances may change over the course of a mortgage, it’s …

Mortgages & Money
Stamp Duty  – first time buyers beware!

Stamp Duty – first time buyers beware!

Stampduty ClawbackSome first-time buyers are now finding it difficult to meet mortgage repayments despite the fact that repayments for most have dropped.

Due to pay cuts or job losses for some, they are left with no option but to sell up and cut their losses. Not only are many of these in negative equity right now but if they have bought in the last two years, …

Mortgages & Money
€200 Property Tax on second homes goes ahead

€200 Property Tax on second homes goes ahead

More Tax to pay In the budget back in October the possibility of a €200 charge on second homes was discussed and yesterday the Government gave the green light for this new property TAX to be introduced with a start date of this year!

The €200 property charge applies to all home owners of a second home who are receiving payments from letting the property. …

Mortgages – Broker or Banker?

Mortgages – Broker or Banker?

Looking for a mortgage? Look beyond the bank. There was a time when you’d go straight to a bank to get your mortgage. But times have changed, and now there are many different mortgage deals and providers out there.

You can, of course, still go straight to your bank. Your branch will usually …

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