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The last 18 months has been a turbulent affair in the property and banking business. Auctioneers’ window displays showing the same properties, the only changes on the brochures in the windows are the prices falling, yet the properties still are not selling.

A new local authority mortgage scheme has ‘Paddy the plasterer’ written all over it and further marginalises low income earners, according to some local representatives.

The recent announcement of a 75 basis point cut in the main refinancing bid rate by the European Central Bank is warmly welcomed by Colm Farrell, director of Sherry FitzGerald Farrell property advisors in Gort.

Athlone’s Sherry FitzGerald O'Meara has recently carried out a survey weighing up the options between buying and renting a home and is encouraging the public to buy now.

The most recent announcement by the ECB, slashing their interest rates by 75 basis points has been warmly welcomed by Healy Hynes of Hynes Real Estate Alliance. The ECB move now makes their benchmark rate almost half of what is was in October when it stood at 4.25 per cent.

With tough recessionary times upon us and P45s flying in every direction, Galway First are delighted to bring you our top 10 tips for weathering the storm and coming out the other side unscathed. Mostly!

The recapitalisation of the Irish banks by the Government must benefit mortgage holders and small business owners in Mayo and all over the country, according to Fianna Fáil TD and member of the Oireachtas Enterprise Committee, Dara Calleary.

Previously mortgage repayment protection cover could only be taken out within 90 days of mortgage drawdown. Having made the biggest financial investment of their lives, many home buyers were reluctant to commit to further premiums at this time. Product providers have now updated this product allowing customers to opt for it during the course of their mortgage term.

AIB today announces it is reducing its one year fixed interest rate for first time buyer owner occupiers to a market leading interest rate of 2.49 per cent.

With affordability now back at 1997 levels, first time buyers are in prime position to get on the property ladder. To support customers unable to get to the bank during the week, AIB is opening two branches on Saturdays until the end of March. The branches in Lynch’s Castle and the Tuam Road will open from 11am to 3pm every Saturday until March 28. While the branches will not operate a cash service , the opening will give customers the chance to call into the branch to discuss their mortgage, personal, or business finance needs.