lending Archives - MyHome.ie Advice & Blog

New lending to Irish households rises at fastest pace in more than a decade

Net new lending to Irish households rose at the fastest pace in more than a decade in September, new figures from the Central Bank showed. Consumer lending reached €65 million in September. The annual figures showed new lending exceeded repayments by 6.3 per cent or…

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Home buyers borrowing more as property prices continue to rise

Blog, General, Home, Market News, Mortgages & Money, Promoted, Property News, The First Time Buyer

Ever increasing property prices are forcing buyers to borrow more, new figures have revealed. The data from the Banking and Payments Federation shows both a rise in the level of mortgage borrowing and the amount that purchasers are drawing down on their loans. Indeed, the…

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Lending for house purchases up by €27 million in final quarter of 2016

Blog, General, Home, Market News, Mortgages & Money, Property News, The First Time Buyer, The Investor, The Seller

Lending for house purchases increased by €27 million over the final quarter of 2016, the first net increase since the end of 2009. The figures from the Central Statistics Office (CSO) revealed, however, that mortgages in the buy-to-let sector have decreased by €394 million during the…

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Majority of voters want to see review of Central Bank lending rules

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A Newstalk/Red C poll released today has found that a majority of Irish voters want to see a review of Central Bank rules. 77% of Irish voters either slightly or strongly agree that “Mortgage regulations should be reviewed to make it easier for buyers to…

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Irish mortgage market branded “dysfunctional”

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Ireland’s mortgage market is “dysfunctional” and is preventing demand for home purchases from being met, a mortgage expert said on Monday. Michael Dowling, chairman of Mortgage Brain Ireland, says that in his 25 years in the mortgage market, he has “never experienced such a dysfunctional…

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Mortgage approvals and drawdowns decline for the first time in two years

Blog, General, Home, Mortgages & Money, Property News, The First Time Buyer

Central Bank rules capping mortgage lending at 80 per cent of the value of a home, and 90 per cent in the case of first-time buyers, are making it harder for people to buy homes and “causing wider issues” in the property market. Figures from…

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Davy expects house prices to rise by 9.4% this year

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House prices in Ireland will rise by 9.4 per cent this year and by 5.2 per cent in 2016, according to a new forecast by Davy The stockbroking firm said it also expects prices to rise by a further 4.5 per cent in 2017. In…

Savills launch new video to coincide with market outlook report

Advice, Blog, Buy & Sell, Buying, Finance, General, Home, Industry News, Market News, Moving, Practical Advice, Property News, Selling, The First Time Buyer, The Investor, The Overseas Investor, The Seller

Estate agents Savills have launched a new video to coincide with the launch of their Residential Property Market Outlook 2015 report. In the video the group discuss what’s in store for the Irish housing market in 2015. Dr John McCartney, Economist & Director of Research…

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Fears that non-first time buyers could become trapped in their homes because of new mortgage rules

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Fears have been expressed that the new Central Bank rules on mortgage lending will prevent many non-first time buyers upgrading their homes. Speaking yesterday, Fianna Fáil’s finance spokesperson Michael McGrath said people who had already bought could become trapped in their current homes despite the…

ESRI insists current property market conditions do not justify Central Bank’s proposal for 20% deposit

General, Home, Mortgages & Money, Promoted, Property News, The First Time Buyer

The Economic and Social Research Institute has said current conditions in the property market do not justify the introduction of a fixed higher deposit and lower loan to income ratio, as proposed by the Central Bank. The Institute said the bank should instead have a variable system…