Mortgage approvals dropped by 6 per cent in June, as the number of first-time buyers and mover-purchasers fell compared to last year, as per new figures from the Banking and Payments Federation Ireland (BPFI). While approvals for first-time buyers decreased by 9.1 per cent year-on-year to 2,740 in June, mover-purchaser approvals fell by 10.4 per … Read more
Owning a home is a cherished aspiration for many, but the weight of mortgage repayments often looms large. However, in Ireland, a growing number of homeowners are discovering a financial lifeline through mortgage switching. By transferring an existing mortgage from one bank to another, substantial savings can be unlocked, providing much-needed relief for household budgets. … Read more
Public Expenditure Minister Pascal Donahoe has extended a reassuring hand to those grappling with surging mortgage repayments triggered by the European Central Bank’s relentless interest rate hikes aimed at curbing inflation. The situation has hit hard not only for the Irish but also the Malayali community residing in Ireland. Minister Donahoe empathizes with the plight … Read more
Over 2,000 cases have been dealt with by the Mortgage to Rent (MTR) scheme, allowing almost 6,000 family members to stay in their homes, according to the Government. The Minister for Housing, Local Government and Heritage, Darragh O’Brien TD has welcomed the latest data showing that MTR applications approved across the country have now passed … Read more
The fixed mortgage interest rate from Ulster Bank has increased by 0.75%. The new rates are in effect as of right now, but only for a select group of existing customers. Mortgages have not been offered for sale to new customers since June or to existing customers since August as a result of the bank’s … Read more
According to the Central Statistics Office, (CSO) lower-income households in June saw inflation rates of up to 10.3% compared to highest income households’ 8.2%. The CSO has published an update to its first research paper on inflation broken down by various household characteristics up to June 2022. Commenting on the research report, Joseph Keating, … Read more