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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…
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