Search Results for 'Mortgage'

Borrowers in Athlone who have seen their incomes impacted by the Covid-19 crisis will have greater access to insolvency supports and services under new government measures, Longford-Westmeath Fine Gael Minister of State, Deputy Peter Burke, has confirmed.

The mortgage payment break already in place for local authority home loan borrowers will be extended for those continuing to face difficulties due to the Covid-19 emergency, Fine Gael TD Alan Dillon has said.

Commenting on the most recent Residential Mortgage Arrears and Repossessions from the Central Bank for Q1 2020, Brokers Ireland said while it is positive that long-term arrears are showing signs of improvement they are not what they should be and there is strong evidence of ‘extend and pretend’ particularly in relation to longer term arrears.

Commenting on the most recent Central Bank report on retail interest rates for May, Brokers Ireland said not only are Irish mortgage holders paying much higher interest rates than their euro area counterparts but Irish SMEs are being “absolutely fleeced” by comparison with their euro area businesses.

The average household can offset some of the financial impacts of COVID-19 by saving €5,000 per annum in three simple steps according to a mortgage expert.

The average Westmeath homeowner is needlessly paying an average of €2,468 in extra mortgage repayments per year by not switching lenders, the latest doddl Mortgage Switching Index has found.

Commenting on the CSO Residential Property Price Index for January, IPAV, the Institute of Professional Auctioneers and Valuers, said there is no surprise, the residential property market continues to be dominated by the better off who have the ability to buy and institutional investors, with those on average incomes who should be the mainstay of the market, either excluded altogether or pushed out to the suburbs which have expanded greatly.

A moratorium on commercial rates, insurance rebates, and mortgage and rent freezes, are urgently required to assist individuals, and small/medium businesses to withstand the impact of the coronavirus pandemic.

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.