Search Results for 'Mortgage loan'

Commenting on the most recent CSO Residential Property Price Index for September IPAV, the Institute of Professional Auctioneers and Valuers, said while the number of dwelling purchases in September was up on August the level of transactions at 3,193 is “paltry” with just over 19 percent of these being new dwellings.

Athenry Credit Union has recently announced that they have entered the mortgage market, offering mortgages up to €200,000.

As the Central Bank’s retail interest rates for August reveal a continuing wide gap between Irish and euro area mortgage holders, with Irish consumers paying 2.83 percent compared with 1.35 percent on average across the euro area, a differential of 1.48 percent, Brokers Ireland said there is not enough competition in the Irish mortgage market and Irish consumers may have to wait until they can access mortgages across EU borders before we’re likely to see strong competition.

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 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.

IPAV, the Institute of Professional Auctioneers and Valuers, has warned that if over-zealous lending restrictions are implemented by banks it will ruin confidence among builders and cause house building to slow to a trickle.

"Too many people" have been unable to keep up with their rent or mortgage payments due to the societal effects of the Covid-19 pandemic, and the Government must take action on this issue.

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.

Mayo County Council has confirmed arrangements are now in place for home loan borrowers who may be experiencing a reduction in their income arising from the Covid-19 emergency and may not be able to make repayments on their loans.

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.