Search Results for 'Mortgage loan'

Many Irish homeowners could shave ten years off their home repayments by switching mortgages and keeping their repayments at the same level, a new report has found.

Requirements of applicants seeking a loan under the Rebuilding Ireland Home Loan scheme should be relaxed (RIHL) according to Tuam area councillor Karey McHugh Farag.

Irish home owners could work three weeks less this year by simply switching their current mortgage from the highest rate, a process that can be less painful than most popular New Year’s resolutions, according to an expert.

A fresh call was made in Athlone on Thursday last for Westmeath householders in serious mortgage arrears to engage with their lenders as there is now a fresh urgency to find solutions and leave families in their homes.

Hundreds of Westmeath householders in unsustainable mortgage arrears and at risk of losing their homes are being given fresh hope of a solution to their problems.

Families in mortgage distress in Westmeath have been given fresh hope after the county’s upper housing valuation limit for the mortgage-to-rent scheme was significantly increased to €305,000.

Fahy Law has brought together a network of independent Irish legal firms who have launched a new initiative to collectively assist many residential mortgage holders in Ireland, who may be entitled to significant and substantial interest rate rebates form banks, building societies and vulture funds.

Home for Life - the state-backed mortgage to rent finance scheme - has the potential to help a number of the 578 cases in Mayo reported to have over 720 days of mortgage arrears, according to the company's CEO. At the Housing Strategic Policy Committee of Mayo County Council this week, Home for Life's chief executive officer, Paul Cunningham, suggested that these arrears cases, which the Central Bank's Long-Term Mortgage Arrears in Ireland Report note as being 'in serious mortgage arrears', could be helped by the scheme.

Buying your first home in Ireland can seem like a mountain to climb. Just reading the Irish news would be enough to put off even the most determined of Irish buyers.

Commenting on recent Central Bank figures indicating a growth in net lending for mortgages, Brokers Ireland said such figures indicate the state of banking rather than charting what is actually happening with consumers.