borrowers

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Fixed rate mortgages becoming increasingly popular

Fixed rate mortgages becoming increasingly popular

Mortgage borrowers are increasingly entering into fixed interest rate arrangements, according to figures from the Central Bank. Fixed rate loans on principal dwellings recorded a net increase of €615 million in the first quarter of this year. In contrast, floating rate loans, mainly accounted for…
General
First time buyers will now require a 10% deposit while all other purchasers will need at least 20%

First time buyers will now require a 10% deposit while all other purchasers will need at least 20%

The Central Bank will offer some relief for first-time buyers under revised rules on mortgage lending. Prospective home-buyers will have to save bigger deposits under the regulations. Banks will only be able to lend up to a maximum of 80% of a property’s value for most owner-occupiers. However, they will…
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