AIB caves in to pressure and will cut variable mortgage rates
The lender is expected to set a 0.25 cut in its variable rates, after a surge of anger about the issue. This move is likely to put pressure in other lending institutions. The cut is …
mortgage
Permanent TSB insists it will not cut variable mortgage rates -instead, it plans to boost profits from them
The lending institution has recently received severe criticism due to the high rates charged to borrowers on variable mortgage rate, which is way above the European average. The bank instead has said it intends to …
Proposals for taxpayers to bail out those in heavy mortgage arrears lambasted by the Opposition
One of the ideas proposed by the Government to deal with those in situations of heavy arrears is to offer them taxpayer-funded State support. But such proposal, which essentially means pumping more public money into …
New rules for mortgage lending come into effect today
Buying a property will become that little bit harder from today onwards, as new, stricter rules set out by the Central Bank come into effect for all lenders within the State. From this day forth, …
Easing of lending restrictions to ‘help first time buyers’
The issue of mortgage restrictions and deposit requirements for home buyers has been raging for some time. The suggestion of a 20% deposit before a mortgage would even be considered by a lender created some …
Permanent TSB set to reduce mortgage rates
Permanent TSB is reportedly set to reduce its mortgage rates and make them some of the most competitive in the market. Sources at the bank say the interest on variable rate mortgages for new …
New 20% deposit rule for new mortgages is delayed
The new rule, which would see new mortgage applicants having to put down a 20% deposit before being considered for approval, will now not come into effect on January 1 2015 as originally planned. The …
Head of Ulster Bank says most first-time buyers won’t get mortgages
The head of Ulster Bank Jim Brown has said over half of first-time buyers will not be able to get a mortgage because of new rules imposed by the Central Bank. Most potential buyers will be able …
Mortgage lockdown
There are calls for the Central Bank to relax its recently introduced rules on 20pc deposit before a mortgage is approved. Some members within the Government cabinet are urging the institution to lower the …
