... Mortgage General
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Homebuyers who lost deposits of up to €20,000 on apartments after a development company collapsed have asked the High Court to increase their refunds under a survival plan.
The High Court has heard the report from the examiner appointed to Laragan Developments on a scheme of arrangement for the company which is part of the Hanley [...]
Monthly statistics from the Central Bank show the first net fall in mortgage lending since 1990.The figures also show a sharp fall-off in credit card spending.
The figures for April from the Central Bank confirm the property market has slowed to a trickle.
It is the first time that repayments on existing mortgages has been greater that [...]
Apartment owners will have a greater say in the management of their complexes under new legislation published today by Minister for Justice Dermot Ahern.The Multi-Unit Developments Bill 2009 outlines legal protections that will affect over 500,000 apartment owners in new and existing complexes.
The Bill will set new standards for the operation of management companies and [...]
The latest index from Permanent TSB and the ESRI has shown that house prices fell by almost 2% last month.This brings prices back to levels not seen since the summer months in 2004.
It means that prices nationally have fallen by almost 5% in the first four months of this year.
AdvertisementThe average price paid for a [...]
The Revenue Commissioners has begun writing to tens of thousands of homeowners whose mortgage interest relief has been stopped.
In the April Budget the tax relief was limited to homeowners in the first seven years of their loans.
Revenue is now asking 134,000 homeowners to clarify when their loans started to establish whether the relief still applies [...]
It has emerged that 57,000 people currently receiving mortgage interest relief will no longer be entitled to it from tomorrow.
Read the full Revenue statement
For more information from Revenue
According to the Revenue Commissioners, as of the end of last year, there were 562,000 people receiving mortgage interest relief.
However the entitlement is to be suspended from 1 [...]
Houses prices in Ireland fell by 9.1% last year.
The House Price Index, published by the ESRI and Permanent TSB, indicates that the biggest prices drops were in commuter counties surrounding Dublin.
House prices were down 16.8% in these regions in 2008.
Permanent TSB says houses prices now are where they were in the middle of 2005 [...]
New research suggests that as many as 170,000 people will fall into negative equity by the end of next year if house prices continue to drop.
The research, by Goodbody Stockbrokers, expects that by the end of 2009 house prices will have fallen 30% from their peak in 2007.
Combined with the fact that one in three [...]
New figures from property website Daft.ie show that house prices have fallen again.
It says the average price of a house is now €312,500, and that an average fall of 3.8% in house prices was recorded between July and September.
Prices are down by almost 11% compared to the same period last year.
Clare and Cork are the [...]
Figures from the Central Bank show that the annual rate of growth in mortgage lending dropped to its lowest level in 21 years in August.
Residential mortgage lending was up 9% compared with the same month last year, the lowest annual rate since mid-1987.
The increase in mortgage borrowing in August was €508m, just over half the [...]
Growth in mortgage lending dropped below 10% for the first time in more than 20 years in July.The Central Bank says its latest figures underline how much activity in the housing market has dropped.
The amount of money owed in mortgages grew by 9.6% in the year to July - the first time this figure has [...]
Mortgages scare some people and if you are reading this because you are considering a mortgage then hopefully it will help you realise that while buying a property is a big undertaking, getting a mortgage doesn’t need to be. In this article there are some questions, answers, and a few general tips to bear in [...]
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