mortgage lending

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Mortgage lending on the rise in October

Mortgage lending on the rise in October

Mortgage lending in Ireland is continuing to grow. The number of mortgages approved in October rose substantially while the value also surged, new figures show. A total of 4,236 mortgage applications were granted during the month, up 11.4 per cent on September and by 13.6…

Savills launch new video to coincide with market outlook report

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

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

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…
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Mixed reaction to Central Bank rules on mortgage lending

Mixed reaction to Central Bank rules on mortgage lending

There has been a mixed reaction to the new Central Bank 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.…
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