ECB Archives - MyHome.ie Advice & Blog

Mortgage interest rate cuts could be on the horizon

Fresh mortgage rate cuts could be on the horizon, according to reports. According to The Irish Independent, the European Central Bank is expected to cut its key interest rates soon which would lead to a fall in both tracker and fixed rate mortgages. Ulster Bank…

General

European Central Bank cuts main interest rate to 0%

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The European Central Bank has cut its main interest rate from 0.05% to 0% - the first cut since September 2014 - in an effort to boost sagging euro zone economy. The first cut in over 18 months will see those on tracker mortgages benefit…

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How can we curb the cost of living to help people feel a recovery?

Blog, General, Home, Mortgages & Money, Property News

This day next week the country will go to the polls to elect a new Government. For the last few months and most certainly in the seven days ahead, we’ll hear all sorts of promises most of which will involve allegedly putting money back in…

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Record low interest rates here to stay, predict economists

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Record low interest rates are here stay, according to leading analysts. Some of the country’s top economists yesterday predicted that the ECB may only start hiking rates as late as 2019, something which will be welcome news to all those with a tracker mortgage. It…

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Tracker rates expected to remain low for the next three years at least

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Those with tracker mortgages are expected to benefit from low interest rates for the next three years, according to mortgage experts. The current interest rates being charged to those on trackers is at a record low of just 0.05%, with most tracker holders paying around…

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AIB cut interest rates on some mortgages

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AIB has announced it is to cut mortgage interest rates on both occupier and buy-to-let mortgages. Bowing to pressure AIB Group has announced that it is cutting rates by 0.25% for AIB standard variable rate customers and 0.38% for EBS and Haven standard variable rate customers. High…

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Noonan to discuss rate cuts with banks

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Finance Minister Michael Noonan has said he will discuss cutting variable mortgage rates with Ireland's top lenders in the coming weeks. Minister Noonan said that following his meeting with Central Bank Governor Patrick Honohan earlier this month, "analytical work" is being carried out on what…

Permanent TSB urged to compensate 2,000 customers wrongly denied tracker mortgages

Mortgages & Money

Permanent TSB have been told they must compensate some 2,000 customers who have been wrongly denied tracker mortgages. In February, the bank withdrew its appeal against a High Court finding that the financial services ombudsman was right to decide that two couples were entitled to…

Mortgages & Money

Interest rate on new mortgage lending rises in February

Blog, Mortgages & Money

The interest rate charged by banks on new mortgages has increased, according to the Central Bank. It says the rate on new floating rate loan agreements - including renegotiated loans - increased by 12 basis points or 0.12% during February. The rate is now 3.38%.…

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Interest rate cuts welcomed but more is needed

Blog, General, Mortgages & Money, Promoted, The First Time Buyer

The New Year brought about some welcome news for those looking to buy a home this year when both Bank of Ireland and Permanent TSB announced they would be lowering some of their mortgage interest rates. In PTSB’s case, cuts of up to 0.42% in…