Search Results for 'Mortgage loan'

Westmeath County Council’s showcase of affordable houses proved a tremendous success at the Mullingar Park Hotel last week.

Your home and its contents are among your most valuable possessions. Insuring them against fire, theft, and other damage should be a priority. If you have a mortgage you will be required to take out compulsory buildings insurance, which varies in price depending on the size, location, and rebuilding cost of your property. Lenders require this insurance not for your benefit but for theirs, as their priority is to protect their financial interest in the property.

A public meeting to discuss the possibility of setting up a Galway Mortgage Holders Association to represent the growing numbers of mortgage holders getting into difficulties will be held this Monday in the Westwood Hotel at 8pm.

The current difficult economic conditions have made first time buyers nervous about getting into the property market. However with four rate reductions by the ECB since October 2008, coupled with increased value in the property market, first time buyers are being encouraged back into the marketplace.

Rent-to-buy schemes

A first-time buyer is someone who hasn't previously, either individually or jointly, purchased or built, on his or her own behalf, a house in Ireland or abroad. Where there is more than one purchaser, each must come within the scope of the definition in order to avail of stamp duty exemptions. In addition, it must be your principal private residence and no rent, other than rent under the stamp duty rent a room arrangements, can be derived from the property for two years after the date of the current purchase.

Uncertainty about property values and borrowing capabilities is rampant in these tough economic times, so it is refreshing to see a builder taking on these issues and presenting a package that will calm the nerves and ease the transition from rental market to owner occupier.

A first-time buyer is someone who has not previously, either individually or jointly, purchased or built on his or her own behalf a house in Ireland or abroad. Where there is more than one purchaser, each must come within the scope of the definition in order to avail of stamp duty exemptions. In addition, it must be your principal private residence and no rent, other than rent under the stamp duty rent a room arrangements, can be derived from the property for two years after the date of the current purchase.

Mayo homeowners who run into problems with their mortgage repayments will have extra protection under measures committed under the Renewed Programme for Government, according to Fianna Fáil TD Beverley Flynn.

Mayo homeowners who run into problems with their mortgage repayments will have extra protection under measures committed under the Renewed Programme for Government, according to Fianna Fáil TD Beverley Flynn.