Search Results for 'Mortgage loan'

The Construction Industry Federation (CIF) are broadly supportive of Budget 2016 announced on Tuesday, which sets Ireland on a positive path for economic growth and recovery.

The price of an average three-bedroom semi-detached house in Westmeath has risen by 2.04 per cent to €125,000 in the second quarter of 2015, according to a national survey carried out by Real Estate Alliance.

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.

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.

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 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.

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.

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.

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.

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.