first-time buyers Archives - Page 4 of 8

Buyers warned to be aware of “glitzy” mortgage offers

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

House hunters have been warned not to fall for “glitzy” mortgage offers from banks which could end up costing thousands of euro extra in the long term. The alert comes as it was revealed some lenders are offering up to €1,500 in cash to entice…

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General

Mortgage lending up 73% in first quarter of 2015

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

Mortgage lending rose by 73 per cent in the first quarter of 2015 to €983m, as first-time buyers continued to dominate the market. However, both the value and volume of mortgage lending was down on the last quarter of 2014, and the impact of tighter…

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General

Grants for first-time buyers to be considered

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

The Minister for the Environment is considering giving grants to first-time house buyers. According to reports in the Irish Independent, the plans are targeting urban couples who are struggling to meet the Central Bank's mortgage deposit rules. The move comes amid reports the Government is considering…

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Buy & Sell

Things for first-time buyers to consider

Advice, Buy & Sell, Buying, Practical Advice

Distinguishing the good deals from the too–good–to–be true offers is perhaps the biggest challenge that first-time home buyers encounter in the current real estate climate. The market is flooded with extremely and thus suspiciously low mortgage rates. Not many can afford to buy a home…

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Commercial Blog

NAMA not working as intended, insists Bacon

Blog, Commercial Blog, Home, Market News, Mortgages & Money, Property News

The man credited with inventing NAMA has told the banking inquiry it is not doing the job it was designed to do. Dr Peter Bacon said the agency has focused more on chasing debts than on increasing the value of its investments. Dr Bacon is…

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General

New Central Bank mortgage rules could drive up rents

Blog, General, Home, Market News, Mortgages & Money, Property News, The First Time Buyer, The Renter, The Seller

The new Central Bank mortgage rules officially came into force yesterday with fears being expressed that it may drive up rents even further around the country. The new regulations will see buyers forced to save deposits of 20pc of the price of a property before…

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General

Mixed reaction to Central Bank rules on mortgage lending

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

There has been a mixed reaction to the new Central Bank rules on mortgage lending. Prospective home-buyers will have to save bigger deposits under the regulations. Banks will only be able to lend up to a maximum of 80% of a property’s value for most owner-occupiers.…

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General

Number of first time buyers in the market fell again last year

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

The number of first time buyers in the market fell again last year, according to the latest Irish Residential Market report from estate agents Sherry FitzGerald. The report found that first time buyers bought just 17 per of the properties traded throughout 2014, down from…

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Mortgages & Money

First time buyers less likely to default

Blog, Mortgages & Money, Promoted, Property News, The First Time Buyer

Research from the Central Bank shows that first time buyers have lower default rates than other participants in the housing market. A recent economic letter from the Central Bank says this could be down to a number of reasons, including the fact that first time buyers do…

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20% house-deposit rule to be delayed

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

A new rule which would see home buyers forced to save 20% of a deposit before taking out a mortgage is to be delayed. The rule was due to come into place on January 1, but now the Central Bank reportedly will not meet its…

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