Search Results for 'Mortgage loan'
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Responding to the most recent Daft.ie rental Report for Q4 2020 IPAV, the Institute of Professional Auctioneers and Valuers, said it is notable just how much more expensive it continues to be to rent a home rather than buy one.
Commenting on the recent decision by the Central Bank to leave the mortgage rules unchanged, IPAV, the Institute of Professional Auctioneers and Valuers, warned that the severity of the rules are “storing up very deep problems for society that will have terrible consequences into the future.”
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.
Mortgage payment break for local authority home loan borrowers will be extended by a further three months
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.