Irish mortgage interest rates higher than Euro area equivalent
Mortgage interest rates for new loans in Ireland were broadly unchanged for the month of June, with an average rate of 3.38%, significantly higher than…
loans
Local authorities to cut variable mortgage rate by 0.2%
The variable mortgage interest rate for homeowners with loans from local authorities is being cut by 0.2 per cent. The move, which follows a decision…
Permanent TSB boss to answer Finance Committee questions on variable rates
The issue of variable interest rates on home loans will come under the spotlight again today when another banking chief comes before the Oireachtas Finance…
Credit Unions may offer mortgages to customers
The body representing credit unions has confirmed it is exploring the possibility of offering mortgage loans to members. The Irish League of Credit Unions, which…
First time buyers less likely to default
Research from the Central Bank shows that first time buyers have lower default rates than other participants in the housing market. A recent economic letter from the…
Number of borrowers in mortgage arrears down by 11,000 since March
There are almost 11,000 fewer mortgages in arrears than at the beginning of the year according to new figures from the Department of Finance. The…
Number of mortgages in negative equity decreasing
A report by the Economic and Social Research Institute estimates that the number of mortgage loans where the outstanding debt exceeds the value of the…
Concern for Irish Nationwide mortgage holders once their loan book is sold
People with Irish Bank Resolution Corporation mortgages are raising concerns that they could lose out on consumer protection when their loans are sold. Liquidators KPMG are…
Central Bank worried about rise in people using moneylenders
The Central Bank says people are taking loans from moneylenders for longer periods. It has told the Oireachtas finance committee that the number of people…
Retail property market at the bottom, insists Kennedy Wilson
Kennedy Wilson, the US real estate giant that has invested heavily in Ireland since the crash, has called the bottom of the market here for retail property.…