lending Archives - Page 3 of 5 - MyHome.ie Advice & Blog

Arrears problem cannot be ignored

General, Home, Mortgages & Money, Property News

It has been a decent year for property it is fair to say. Yes, there have been better but equally there have been worse. A new problem awaits in 2013 though and it has very little to do with property taxes or a lack of…

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Are we taking one step forward and two steps back?

General, Home, Mortgages & Money, Property News

We all require credit at some stage of our lives. Whether it’s to buy that car you need to get to work, to take that year out to see the world or to set up your own business, chances are you will need a loan…

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Property prices fall in October, according to CSO

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

Residential property prices fell by 0.6% in the month of October, according to the latest figures from the Central Statistics Office (CSO). The fall compares with an increase in prices of 0.9% in September and a decline of 2.2% in October last year. In Dublin,…

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Banks will have to charge customers more, insists Elderfield

General, Home, Mortgages & Money

Irish banks face the uncomfortable task of "telling the neighbours who donated blood to them that they need to charge them more as customers," according to the Financial Regulator. Speaking at an event in UCC, Matthew Elderfield said the banks were out of the "critical…

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Hobbs urges Central Bank to force banks to engage with customers

General, Home, Mortgages & Money, Property News

The Central Bank is being told it should have gone further in criticism of other banks yesterday. In a hard-hitting address, the Director of Credit Institutions and Insurance Supervision, Fiona Muldoon, told the Irish Banking Federation that the industry has not been humbled by the…

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Banks urged to write-off some household debt

General, Home, Mortgages & Money, Property News

The Secretary General at the Department of Finance has today called on the financial sector to write-off the debt of households with a real inability to pay. Speaking at an Irish Banking Federation conference, John Moran said banks need to begin lending to households who…

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Lending to households falls

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

Lending to companies and households fell in August, continuing the downward trend seen in recent months. Data from the Central Bank showed lending to Irish resident non-financial corporations (NFCs) fell by 3.2 per cent in the year to the end of August, moderating slightly from…

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New taxes could damage both the market and a whole host of those simply struggling to survive

General, Home, Mortgages & Money, Property News

Most people would be in agreement that a healthy economy requires a healthy property market. After all, one of the major things that fuelled the Celtic Tiger was the housing and construction boom. Obviously we don’t want to get back to a stage where there…

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Further cut in ECB rates expected next week

Home, Mortgages & Money, Property News

A further cut in European Central Bank rates has been predicted for Thursday week in what would be a huge boost to tracker mortgage holders. A sharp fall in interest rates that banks charge each other and weak economic data in Germany means the ECB…

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Eight out of 10 people refused mortgages, insists PIBA survey

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

A new survey has claimed that as many as eight out of 10 people looking for a mortgage are turned away by banks. The survey by the Professional Insurance Brokers Association (PIBA) – which represents almost 900 brokers – reveals that lending, or a lack…

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