mortgage interest relief Archives - MyHome.ie Advice & Blog

Mortgage affordability falls in first half of the year

Mortgage affordability worsened in the first half of 2013, as the Government removed mortgage-interest tax relief for first-time buyers, the latest affordability index by lender EBS and economic consultants DKM shows. A single first-time buyer on average earnings who buys a house at the national average price typically spent…

House sales up 14% in first quarter

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

There was a sixth consecutive quarter of growth in the volume of house sales, according to a new housing monitor. The Irish Banking Federation says the report points to a continued stabilisation in prices. The report draws on published data on the residential housing…

Number of new mortgages increase by more than 50% in Q4

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

The IBF/PwC Mortgage Market Profile published today shows that 6,043 new mortgages to the value of almost €1 billion were issued during the fourth quarter of 2012. This represents an increase of over 51% on the previous quarter and an increase of over 56% on…

SCSI report shows a stabilising property market

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

The average prices of family homes in Dublin stabilised and marginally increased in 2012 while there were further declines in house prices around the rest of the country, albeit at a slower pace than 2011, according to the Society of Chartered Surveyors Ireland (SCSI) annual survey…

Noonan stands behind decision to withdraw mortgage interest relief from those in arrears

General, Home, Mortgages & Money, Property News

Minister for Finance Michael Noonan has backed the Revenue Commissioners’ move to withdraw mortgage interest relief for homeowners who are behind on their repayments for six months are more. Commenting on the matter, the Minister said the clampdown was needed to “protect the exchequer.” He…

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…

Ulster Bank yet to pass on full mortgage interest relief

General, Home, Mortgages & Money, Property News

Ulster Bank has said it will make a lump sum payment to mortgage customers short-changed by its failure to give them the right level of mortgage interest relief. The Government had increased the relief for those who bought houses during the boom in Budget…

Stock horror! A view on the current state of the market

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

Every so often it is good to take stock of where the property market currently stands. With that in mind it was interesting to hear Lisney’s views when they hosted a Property Investment Seminar earlier this week in conjunction with their global partners Cushman and…

AIB to speed up mortgage approval process

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

AIB have confirmed that they are set to follow Ulster Bank’s lead and fast-track mortgage applications between now and the end of the year. The bank insist that all applications for home loans will be given priority and processed promptly to allow buyers to avail…

Ulster Bank fast-tracking mortgage applications

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

Ulster Bank has put in place a 24 hour system to fast track mortgage applications for people hoping to avail of the current mortgage interest relief offer before it expires on December 31st. The relief, which was introduced in last December’s Budget by Finance Minister…