HARD-PRESSED homeowners are in line for another three interest-rate cuts on top of the one delivered this month, it has emerged. From Charlie Weston Personal Finance Editor The Irish Independent. However, a billionaire investor in Bank of Ireland appeared to rule out variable-rate customers of that bank benefiting from a series of ECB rate cuts. [...]
Archive for Mortgage News
Relief on way for homeowners as ECB to reverse interest-rate hikes
By Charlie Weston Personal Finance Editor Saturday September 03 2011 From the Irish Independent MORTGAGE holders are in line for a boost after a string of economists predicted European Central Bank rate cuts from the start of next year. More than 600,000 homeowners could benefit from a rate reduction that could come as soon [...]
The Great Debate : Buy Vs Rent
Thu, Aug 25, 2011 from the Irish Times Click below for full article The Debate continues Stop dithering, and wasting money on rent, and pick up a cheap home while you can, says CONOR POPE . No, replies EDEL MORGAN , keep your hands in your pockets and wait until the market hits bottom CONOR POPE There [...]
Home loans to rise again on ECB rate increase
ECB rate Hike will add €40 euro per month on a persons €300,000 tracker mortgage …… TENS OF thousands of Irish homeowners are facing fresh financial pain after the European Central Bank announced its second interest rate rise in three months. The bank raised its main lending rate by a quarter of a percentage point to 1.5 [...]
Section 23 investors get last chance to fight for Tax Relief
Finance Minister invites relevant property owners to make submissions by deadline of July 29 From the Irish Independent By Siobhan Creaton Friday June 24 2011 INVESTORS with section 23 properties have one last chance to persuade the Department of Finance not to abolish this tax relief by the end of this year. The department wants [...]
Bank Forced to put Clients Back on Tracker Mortgage
Important news for borrowers who moved from Tracker Mortgage to Fixed Mortgage. From The Irish Independent By Charlie Weston Personal Finance Editor Friday May 06 2011 BANK of Ireland has been forced to put more than 2,000 customers back on tracker mortgages and compensate them, the Irish Independent has learnt. The homeowners had opted to [...]
Hope of Debt Write off for Mortgage Holders
Bank may forgive part of home loans from the Irish Independent By Laura Noonan and Emmet Oliver Wednesday April 13 2011 THOUSANDS of struggling homeowners were last night offered the hope of having part of their mortgage debt written off. Nationalised bank AIB said it was considering using some of its latest €13.3bn taxpayers’ bailout [...]
As expected ECB raise rates by 0.25pc
This hike will increase the monthly repayment by approx €12 per month on a typical €100,000 mortgage. The ECB are expected to announce a 0.25pc interest rate hike on Thursday. This will be the first rate increase for around two years.If announced this rate hike will impact on all tracker mortgage holders . Tracker mortgage holders have [...]
Tracker Mortgage Costing Banks Money
From The Irish Independent . MORTGAGE lenders are losing money on most tracker mortgages as they are costing them more to fund than they are receiving in interest income. Around 400,000 people have tracker mortgages, with some paying rates as low as 0.75pc above the European Central Bank rate (ECB). The deal with a tracker [...]
Tracker Mortgage holders may get cash incentive to pay early
By Charlie Weston Personal Finance Editor Click here to read more Wednesday March 23 2011 From The Irish Independent MAJOR lenders are considering offering tracker mortgage holders a financial incentive to pay down their mortgages faster. Click Here to see current Mortgage Rates available in the market. Mortgage Rates March 2011 Permanent TSB is understood [...]