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House hunters now have an average of €27,000 less to spend on a home compared to this time last year.
Carey is listed as the sole director of Careysfort Asset Estates Ltd.
Median household income of first-time buyers increased from €71,000 to €77,000.
The Social Democrats are asking the government to scrap the subsidy for developers – Cian O’Callaghan explains why.
Conor Brummell says young people in Ireland feel they’ve been forgotten by all on the political spectrum.
Mortgages drawn down in 2021 were worth a total of €10.5 billion, the highest value since 2008.
This represents a significant increase on the 1,879 mortgage approvals issued in May 2020, the BPFI said.
An overwhelming majority do not favour limits on the money people can receive from parents.
The rules restrict the amount someone can borrow to 3.5 times their income, though there are exemptions.
4,362 mortgages were approved in April this year.
Figures show overall mortgage drawdowns in Q1 were at their highest since 2009.
Buy-to-let investors now account for less than 1% of mortgages, compared to 20% in 2006, according to new figures.
That’s according to figures released by the Banking & Payments Federation Ireland today.
The bank will be wound down gradually over the next few years.
A formal announcement is expected on Ulster Bank’s operations in the Republic of Ireland tomorrow.
Expert tips on putting yourself in pole position for mortgage approval, without a worry overload.
October was the busiest month for mortgage approvals since BPFI began collecting this data in 2011.
Pubs were given a six-month moratorium on their mortgages.
Many on the wage subsidy scheme with mortgage approval have struggled to reach the drawdown stage.
Since March, nearly 80,000 mortgage-holders impacted by the pandemic have taken payment breaks.
The bank said that it may still refuse to allow a mortgage to be drawn down if it finds a customer is unable to meet repayments.
The study from the Banking & Payments Federation Ireland shows that new builds have been badly impacted.
Some applicants have been told by their bank they can’t draw down their mortgage if they’re in receipt of the wage subsidy scheme.
In total, 2,200 mortgages were approved in April.
The government says that the banks have agreed that anyone availing of a mortgage break can now extend the loan term.
The figures offer an early indication of the impact of Covid-19 on lending.
All of the country’s main banks are participating in the break.
Customers can be granted an extension in situations where their “circumstances have not materially changed”.
Banks are far busier but visits to branches have dropped significantly.
The 12,259 mortgages are valued at €2.7 billion.
New figures show there were 10,157 mortgages drawn down in the second quarter of the year.
Homeoptions is offering itself as an alternative to vulture funds and said it is already engaging with one bank in relation to a home loan portfolio.
90% of the loans due to be sold are family homes – about 3,200 accounts.
Sinn Féin’s No Consent, No Sale Bill aims to puts the code on a statutory footing.
People struggling to get mortgages and concerns about Brexit are affecting the market.
12,112 mortgages worth €2.6 billion were drawn down during the fourth quarter of 2018.
Lenders will now have to tell customers 60 days before their fixed term ends and let them know about new rates and other options.
Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.