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EBS to host mortgage information evenings

General, Home, Mortgages & Money, Property News, The First Time Buyer

EBS is hosting free mortgage information evenings throughout the country this May. Experts will be on hand to give you all the mortgage advice you need to help make it happen for you and your family. Some of the topics that will be discussed include:…

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Gilmore refuses to intervene in AIB rate increase

General, Home, Mortgages & Money, Property News

Tánaiste Éamon Gilmore has rejected opposition calls for the Government to intervene in AIB’s decision to raise mortgage interest rates. AIB announced earlier this week that it was adding 0.4 percentage points to its standard variable mortgage rate, and raising variable rates at subsidiary EBS…

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AIB to hike mortgage interest rates

General, Home, Industry News, Mortgages & Money, Property News

AIB is hiking its mortgage interest rates, and those of its subsidiaries. Variable rate customers at AIB will see their rate increase by 0.4% from June. Those with variable rate homeloans from EBS and Haven will have to pay an extra 0.25%. In a statement…

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Is the mortgage crisis worse than we thought?

General, Home, Mortgages & Money, Property News

MABS (the Money Advice and Budgeting Service) a publicly funded group who are given €18,500,000 a year to help the indebted, have produced research which indicates that when it comes to people with mortgage difficulty that the people affected are mainly those with children and…

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EBS to host mortgage information evenings in Dublin

General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer, The Investor, The Seller

EBS will hold two mortgage information events in Dublin next month. These free events will help you find out everything you need to know about getting a mortgage. Amongst the topics set to be covered include: The mortgage process Buying for the first time Trading…

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AIB to double its mortgage lending to €2 billion

General, Home, Mortgages & Money, Property News, The First Time Buyer

AIB has announced plans to double its mortgage lending target for this year to €2 billion. The bank, which includes its subsidiary EBS, said it approved €1.5 billion in new mortgages last year – well above its €1 billion target. That figure was an increase…

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AIB will use people's pensions to pay off parked mortgage debt

General, Home, Mortgages & Money, Property News

AIB will look to use peoples’ pensions to repay any parked mortgage debt in long-term restructurings for struggling homeowners. According to Simon Carswell in today’s Irish Times, under new split mortgages being offered to customers, the bank will “park” a portion of the mortgage and…

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EBS and AIB launch new negative equity trade up mortgages

General, Home, Industry News, Mortgages & Money, Property News, The Seller

EBS and AIB have announced details of a negative equity trade-up mortgage for customers who want to move to a property of greater value but whose homes are worth less than they paid for them. Conor Pope reports in today’s Irish Times that the Negative…

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Almost two fifths of mortgage applications being turned down

General, Home, Mortgages & Money, Property News, The First Time Buyer

Almost two fifths of mortgage applications were turned down by Irish banks last year, according to new figures contained in a letter from Finance Minister Michael Noonan to Fianna Fáil’s Michael McGrath. In total there were 28,500 applications for mortgages last year. However, only 17,700…

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Widely different rates being offered to first time buyers

Home, Mortgages & Money, Property News, The First Time Buyer

A new report has found that first time buyers who take out mortgages are being charged hugely different interest rates by lenders, with a difference of €1,400 a year between the most expensive and cheapest. Bank of Ireland subsidiary, ICS Building Society, has emerged as…

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