Search Results for 'Mortgage'

In good news for home buyers and switchers, Claddagh Credit Union is launching a new standard mortgage product. With a competitive variable rate of 3.85%, and an interest rate capped at 4.4% for the first three years, the innovative new product provides borrowers with a certainty of repayment, while also delivering the benefits of a variable offering.

According to the latest residential market review from leading property advisors DNG, the average price of a second-hand home nationally has increased to €313,453 in the first half of the year.

According to the latest residential market review from leading property advisors DNG, the average price of a second-hand home nationally has increased to €313,453 in the first half of the year.

By Ruth Hennelly, certified financial planner professional and Managing Director of Hennelly Finance

The Mortgage Interest Tax Credit is available for taxpayers who made payments on a qualifying loan for their principal private residence, their former or separated spouse’s primary residence, or their dependent relative’s primary residence.

With interest rates on the decline and competition heating up in Ireland’s lending market, now is an opportune moment to secure a mortgage, according to Margaret Barrett, Managing Director at Mortgage Navigators.

The value of mortgage switching rose by an unprecedented 45pc in the last year, the latest doddl.ie Mortgage Switching Index has found.

The Galway property market is continuing to experience a significant shortage in supply, particularly impacting first-time buyers seeking homes in the city area. Local real estate agent Deirdre D’Arcy, of DNG Maxwell, Heaslip & Leonard sees first-hand the current challenges facing prospective homeowners. The growing demand for housing in Galway, coupled with limited supply, has created a competitive landscape, especially for those entering the market for the first time. "The lack of available properties in the city area is putting immense pressure on first-time buyers, many of whom are struggling to secure suitable homes within their budget," she said.

Ahead of a significant pick-up in switching activity which is expected in the coming months, borrowers are being urged to weigh up their mortgage options carefully and to compare the long-term costs of mortgages across the market so they get the best deal when moving to another lender or staying with their existing one.

Commenting on the recent ECB decision to keep interest rates unchanged, Brokers Ireland said even when the move to reduce the rate begins there is still a 'rocky road' ahead for many mortgage holders.