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Potential purchasers struggling to get deposits together

Potential purchasers struggling to get deposits together

A working couple in their early 30s, Aoife and her husband James should be ideal mortgage customers for Irish banks keen to lend into Europe's fastest growing economy and strengthen a fledgling recovery. However, like many ready to buy after dodging a property crash seven…
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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…
ECB cuts interest rates to 0.15%

ECB cuts interest rates to 0.15%

Euro zone interest rates were cut from 0.25 per cent to 0.15 per cent today in a bid to revive the continent’s moribund economy and stave off the threat of deflation. The news will be a welcome boost for those on tracker mortgages, who will…
Interest rates expected to remain low as big returns are predicted for Irish property this year

Interest rates expected to remain low as big returns are predicted for Irish property this year

Financial analysts expect the Irish economy to continue to outperform the rest of the euro zone with property expected to deliver the best returns this year, according to a study. The Market Sentiment survey of members of Chartered Financial Analysts (CFA) Ireland showed that 80…
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