rates Archives - Page 2 of 3 - MyHome.ie Advice & Blog

ECB rate remains unchanged

The ECB decided at their monthly meeting today to keep interest rates on hold, despite speculation last week that they might be about to drop them by another quarter of a percentage point. Following today’s decision, the base rate will remain at the historic low…

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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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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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Proper solution is needed to mortgage arrears crisis

General, Home, Mortgages & Money, Property News

It certainly hasn’t been a good week for the country’s banks. Firstly, it was revealed that Ireland is second only to Greece in terms of lending to SMEs. This might have been disputed by the two major banks – AIB and Bank of Ireland –…

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Further cut in interest rates expected next month

Home, Mortgages & Money, Property News

The summer may be over but autumn might just be about to bring some good news for tracker mortgage holders with another cut in interest rates predicted. It is anticipated that next month the European Central Bank will drop their interest rates by a further…

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Sinn Féin to table motion on Rent Allowance cuts

Property News, The Renter

Sinn Féin senators will this evening table a motion on the cuts to the Rent Allowance which are seeing many tenants in the private rental sector struggling to cope and in some cases forced out of their houses. The most recent budget saw a cut…

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Rates in Dublin City Centre could be set to double

Mortgages & Money, Property News

Rates in Dublin’s City Centre could be set to double, according to a report in today’s Irish Times. A revaluation process is currently being carried out by Dublin City Council to redistribute the overall burden of rates between office, retail, industrial and other commercial occupiers.…

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Stopped in their tracks: Tracker mortgage holders unable to move

Mortgages & Money, Property News

Tracker mortgage holders might be benefitting from a series of ECB rate cuts at present but it is also preventing them from moving property, it has been revealed. Unlike those on variable mortgage rates, who have to sweat it out to see whether their banks…

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Where is this going?

Property News, The First Time Buyer

When will property prices bottom out? Does it matter? We often talk about the idea of price and cost being two different things. This week we want to ask you if you think about property in terms of 'price only' or as a 'relative cost'. So…

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Tánaiste asks banks to reconsider decision not to cut rates

Mortgages & Money, Property News

Tánaiste Eamon Gilmore has called on the banks to reconsider their position on interest rate reductions to mortgage holders. Eamon Gilmore said if they do not reconsider, the Government will take 'action as appropriate'. He said the Government had made clear to the banks that…

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