PTSB adds fuel to mortgage war by slashing fixed rates for new business

Posted on 13 April 2018

Permanent TSB has reduced its rates on a number of its fixed rate mortgage products for new business. The changes, will apply to three-year and five-year fixed home loans, will come into effect on Monday, April 9. Eight products in total will see the rate reductions, which range from 0.10pc up to 0.15pc. Experts are […]

Cash buyers lead the charge as Ireland’s property woes continue

Posted on 4 April 2018

n an era of tightly controlled mortgage lending, weakened banks and sluggish wage growth, how is it that we have double-digit, turbo-charged house price growth? The simple answer: cash buyers. Cash investors have ploughed into the property market since the low point in 2011-2012, correctly assuming that prices wouldn’t stay on the floor forever, not […]

Property prices rise by 12.5% over last 12 months

Posted on 20 March 2018

House price growth remains strong, with the latest official figures showing a 12.5 per cent average increase over the past 12 months. In some areas, prices rose by more than 17 per cent. The fresh data from the Central Statistics Office (CSO), covering the year to the end of January, shows that prices increased at […]

Soaring rents see 75 first-time buyers get mortgage approval daily in January

Posted on 6 March 2018

Mortgage approvals rose by 12 per cent in January, as rising rents saw a surge in first-time buyers looking to get a rung on the property ladder. However, the data also shows a slowdown from the growth rate highs of last May/June. Figures published on Tuesday by the Banking and Payments Federation show that in […]

What help can first-time buyers avail of?

Posted on 26 February 2018

My partner and I are first-time buyers, or at least we’re hoping to be soon. I know the rules changed for FTBs a few years back in terms of what they can borrow, but since then I think there have been more changes and also some assistance schemes put in place. I find it all […]

Surplus of hungry buyers ensures house prices keep going up

Posted on 21 February 2018

In recent months any indications that the rate of house price growth might be slowing have been quickly followed by a renewed acceleration. And so it was that after some slowdown in November, the CSO figures for December show a 12.3 per cent annual rise in prices, the highest since 2015. Many buyers are finding […]

Chartered Surveyors expect Leinster house prices to increase by 8%

Posted on 13 February 2018

PROPERTY prices in Leinster (excluding Dublin) are expected to rise by an average of 8% in 2018 according to the Society of Chartered Surveyors Ireland.   According to the SCSI’s Annual Residential Property Review and Outlook Report, 92% of surveyors said the price expectations of sellers had increased during 2017, up from 86% the previous […]

90pc mortgages for one-bed flats as lender eases rules

Posted on 10 February 2018

Specialist lender Pepper Money is to loosen its lending criteria by offering mortgages for one-bed apartments and home loans to the self-employed based on one year’s accounts. Pepper, which lends to people with impaired credit histories or those who can’t get a mortgage because they work for themselves, is keen to expand its business. The […]

Mortgage scheme: who is eligible and how will it work?

Posted on 27 January 2018

Teachers, nurses and other low to middle income earners can circumvent Central Bank lending rules at lending rates of as low as 2% Hot on the heels of retaining the Help to Buy grant, the Government has today launched another demand led initiative aimed at helping putative home-buyers, who it says would otherwise be locked […]