Search Results for 'Mortgage loan'

119 results found.

The keys to mortgage approval

Getting mortgage approval is not quite as simple as saving a deposit, filling out a form, and being handed a couple of hundred thousand euros, thank you very much.

Connaughton demands ‘fairness’ from banks for variable rate mortgage holders

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Huge differences in mortgage rates, and the “lack of fairness for bank customers” on variable rates, is placing “financial and emotional stress” on families across east Galway.

Mulherin wants county registrars to appear before Oireachtas committee

Mayo Fine Gael TD, Michelle Mulherin, this week called for representatives of county registrars to be invited before the Oireachtas Finance Committee to discuss how meaningful engagement by the banks can help resolve the current situation on mortgage arrears.

Ulster Bank to offer customers €1,500 contribution towards mortgage legal fees

Ulster Bank has announced today that it will pay a €1,500 contribution towards new mortgage customer’s legal fees. The payment, which will be made following mortgage drawdown, is available to customers who have a mortgage offer issued between March 13 and June 13.

Better bank systems needed to tackle arrears issue, says Mulherin

Deputy Michelle Mulherin says more information is needed on the level of engagement from banks with people in mortgage arrears to get a full picture of the issue.

Homeowners along N6 ring road routes at risk of being pursued by banks for ‘unsecured shortfalls’ warns Charity

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Home owners along the six controversial N6 Galway Transport Project routes are at risk, not only of their homes being demolished, but of being pursued by the banks for unsecured shortfalls in the market value of those homes after demolition.

The Connacht Property Auction: Central Bank introduces tighter lending rules

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With the next public auction taking place on February 26, The Connacht Property Auction has noted a significant number of buyers are looking to purchase quickly, before their mortgage approval expires. With new rules introduced by the Central Bank, buyers will need larger deposits to purchase property. However purchasers with existing mortgage approval can still purchase under the old rules, until their approval expires. The new rules mean first time buyers need a 10 per cent deposit up to €220,000 and 20 per cent on the purchase price over this amount. Other residential buyers need 20 per cent deposits while investors need 30 per cent. There are some cases where flexibility will be allowable, but in general, larger deposits will be needed when purchasing property.

The Connacht Property Auction — Central Bank introduces tighter lending rules

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With the next public auction taking place on February 26, The Connacht Property Auction has noted a significant number of buyers are looking to purchase quickly, before their mortgage approval expires. With new rules introduced by the Central Bank, buyers will need larger deposits to purchase property. However purchasers with existing mortgage approval can still purchase under the old rules, until their approval expires.

Two new property reports out this week

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This week saw the issuing of two major house price surveys with both the Daft.ie 2014 Year in Review House Price Report and the MyHome.ie Quarter Four Report on 2014. According to the Daft.ie report the average house price nationwide is €193,000 while the average house price in Mayo is €121,000. The four per cent increase recorded in Mayo in 2014 contrasts with a fall of 8 per cent a year ago. Average house prices in Mayo are still 54 per cent below their peak in 2007.

Naughton welcomes reconsideration of deposit rule

The comments by the Governor of the Central Bank, Patrick Honohan, that he may consider a relaxation of the imposition of a 20 per cent deposit rule on new mortgage applicants have been welcomed by Sen Hildegarde Naughton.

 

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