Philip Lane Archives - MyHome.ie Advice & Blog

No new housing bubble forming in Ireland, says outgoing Central Bank Governor

The outgoing Governor of the Central Bank, Philip Lane, says no new housing bubble is emerging in Ireland. Professor Lane finishes up in his role this week having taken over at the end of 2015. In an exclusive TV interview with RTÉ Economics Correspondent Sean…

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Interest rate rises could be on the horizon

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

Is the end of low interest rates near? It’s not far off if today’s newspapers are to be believed. According to the reports the days of 0% ECB rates is set to end in the not-too-distant future, which will lead to an increase in mortgage…

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Outcome of Central Bank mortgage rules review to be revealed this afternoon

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

The Central Bank is to announce the outcome of its review on mortgage rules this afternoon. The existing restrictions set limits on how much home buyers can borrow in relation to their income and the size of their deposit. The board of the Central Bank…

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Housing a big issue in General Election 2016

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

Now that the General Election has been called there are sure to be plenty of issues debated between now and polling day in three weeks’ time. As ever, there are many pressing matters in the country with housing being amongst them. Already the likes of…

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Central Bank has no power to end two-tier mortgage market

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

The Central Bank has no power to compel banks to end the two-tier market on mortgage variable rates, its newly installed Governor Professor Philip Lane has admitted. Prof Lane also told TDs and Senators that interfering in the contracts between a lender and borrower was…

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Are banks side-stepping Central Bank lending rules with offers?

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

We’re less than a month into the New Year and already two of the major lenders have unveiled new products to help people get a mortgage. Both Bank of Ireland and Permanent TSB have been thinking outside the box in the last few weeks to…

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New mortgage lending rules help Central Bank win key award

Blog, General, Home, Mortgages & Money

The introduction of mortgage lending restrictions to curb house price growth was the main reason for the Central Bank of Ireland winning the "Central Bank of the Year Award" from Central Banker Magazine. According to the magazine's website CentralBanking.com, the Irish Central Bank impressed the…

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Central Bank’s mortgage lending rules to be reviewed this summer

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

The Central Bank’s mortgage lending rules are set to be reviewed this summer, according to the bank’s new governor. In an interview with The Irish Times today, Philip Lane said the new lending regime which came into force early last year was here to stay…

New Central Bank governor Philip Lane sends YouTube message to staff

Blog, General, Home, Market News, Property News

New Central Bank Governor Philip Lane has said he will be a regular user of blogs and video messages for communicating with staff, as he took to YouTube to deliver a message to employees on his first day in charge. Bloomberg reports that while vowing…