Search Results for 'Mortgage'

“My Party has consistently argued that we need a 24-month moratorium from the time that mortgages first go into arrears, before repossession proceedings can be taken, where a borrower makes reasonable efforts to meet their obligations to pay the mortgage on a principal private residence,” stated Dáil Labour candidate Ann Phelan.

There are many reasons to choose Castlebar Credit Union if you are looking for a car loan, if you are looking to upgrade or get your very first set of wheels. You can shop around for the car you want, you have the bargaining power. Car loans have free life cover at the great interest rate of 7.5 per cent (7.78 per cent APR). Repayment terms can be up to five years. The interest is not front-loaded and repayments are calculated on the reducing balance of the loan. So the quicker you reduce the principle the cheaper the loan will be. If you are able you can repay the loan earlier with no penalty, and additional lump sum repayments are accepted with no penalty. All loan rates are fixed and the repayment remains the same for the term of the loan, there are also no hidden fees or transaction charges so you know exactly what you have to repay and when. Castlebar Credit Union also offers payment protection insurance as an optional extra.

It is often said that commenting on the property market is an inexact science. This has been especially true in the last decade in Ireland with all the commentators in the boom times saying that double digit growth in the value of property was going to go on for a long time as the economy was solid and the banks were strong and solvent. George Lee was always pessimistic, for up to 10 years in fact, preaching caution and finding fault with the economic policies of the various governments and booming property prices but eventually he was right, as much as a stopped clock will be right twice a day. He was bound to be right some day and history has proved him to be so in this instance.

There is good news for mortgage holders from the Financial Regulator, according to Minister for Labour Affairs Dara Calleary.

Over the last year to 18 months, as house price growth has slowed, many people have decided to renovate or extend their own homes rather than purchase a larger home. To finance these renovations it is possible to release equity in an existing home.

The global markets are under fierce pressure to compete at the moment and experts would suggest that it all started in the USA with lending institutions getting involved in the sub-prime markets. This in turn has affected all markets world-wide, with Ireland no exception.

Q. I purchased two residential investment properties in the middle of 2007. I took out loans on an interest only basis. The interest-only period on those loans is coming to an end in December of this year. The capital repayments on the loan will probably be impossible for me to finance. I don’t think that I can sell the houses in the current climate and even if I could, I would have to sell them at a loss. Is there anything that I can do to reduce the financing cost?

PROPERTY developers across the west have been asked to attend a seminar next week on the new National Asset Management Agency (NAMA) to hear details of how this will impact upon their current relationships with their banks.

O’Donnellan & Joyce Financial Services is experiencing an increase in enquiries from customers who wish to either refinance existing lending or organise an equity release on their current property.

Kilkenny City Labour Party candidate, Sean Butler, called upon the Government to link the need for banks to show flexibility on fixed rate mortgages to further bailout funding for the banking sector.