Irish mortgage rates still third lowest in Europe despite hikes in recent months

Irish mortgage interest rates remain the third lowest in the Eurozone, despite the European Central Bank (ECB) beginning to raise them. The most recent rate increase, which brought the rate to 2.5% last Thursday, was one of many that the ECB has announced as part of its efforts to combat the inflation crisis. These increases … Read more

Central Bank likely to relax mortgage lending rules

The Central Bank is scheduled to announce revisions to the mortgage lending rules on Wednesday. People can currently borrow just three and a half times their salary. There are also strict requirements when it comes to deposits required to secure a property. The stringent criteria have been criticised for keeping numerous potential purchasers out of the … Read more