mortgage lending Archives - MyHome.ie Advice & Blog

Mortgage lending growth at its highest level in eight years

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

Mortgage lending recorded its highest growth rate since early 2010 during June, according to the Central Bank. Mortgage loans increased by €388m in the month, while in net terms mortgage lending was €518m (0.7%) higher than a year ago, according to the financial regulator's latest…

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General

Mortgage lending up 28.8% last year

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

Total mortgage lending for 2017 rose to to €7.286 billion, an increase of 28.8% on the previous year. That’s according to new figures from the Banking and Payments Federation Ireland which show that a total of 34,798 mortgages were issued last year, up 18% on…

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New Central Bank governor Philip Lane sends YouTube message to staff

Blog, General, Home, Market News, Property News

New Central Bank Governor Philip Lane has said he will be a regular user of blogs and video messages for communicating with staff, as he took to YouTube to deliver a message to employees on his first day in charge. Bloomberg reports that while vowing…

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General

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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General

Mortgage lending up 73% in first quarter of 2015

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

Mortgage lending rose by 73 per cent in the first quarter of 2015 to €983m, as first-time buyers continued to dominate the market. However, both the value and volume of mortgage lending was down on the last quarter of 2014, and the impact of tighter…

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Mortgages & Money

Interest rate on new mortgage lending rises in February

Blog, Mortgages & Money

The interest rate charged by banks on new mortgages has increased, according to the Central Bank. It says the rate on new floating rate loan agreements - including renegotiated loans - increased by 12 basis points or 0.12% during February. The rate is now 3.38%.…

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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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General

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

Blog, General, Home, Market News, Mortgages & Money, Property News, The Seller

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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General

Mixed reaction to Central Bank rules on mortgage lending

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

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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