All the updated news related to Mortgages

All the news related to Mortgages updated in real time

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National News

Shock for mortgage holders as ECB interest rates rise is double what was expected

Hundreds of thousands of mortgage holders will pay a higher monthly rate after the European Central Bank raised its key lending rate today by double what was expected. It had been anticipated that rates would increase by .25pc, but rates were ...

21 Jul 2022 at 15:39

National News

'Urgent action' needed to combat expected rise in mortgage rates

An increase of mortgage interest rates in the coming months will lead to higher monthly repayments for up to 450,000 homeowners in the country. There has been speculation that interest rates could rise as early as July of this year. This ...

26 Apr 2022 at 17:39

National News

Mortgage lenders may hike interest following rise in ICS fixed rate, says expert

Mortgage interest rates may be set to rise across Ireland, according to the managing director of a mortgage advice company, Doddl. Martina Hennessy spoke following an announcement by ICS Mortgages of a rate increase on all of its fixed ...

14 Mar 2022 at 15:31

National News

Borrowers now need higher incomes to buy a house than in Celtic Tiger era

House prices have hit Celtic Tiger levels in Ireland with new mortgage customers now needing higher incomes than ever before to buy a house. The latest Mortgage Market Profile Report, published by Banking & Payments Federation Ireland ...

24 May 2022 at 13:11

National News

Ireland has highest mortgage interest rates in EU

Ireland has the highest mortgage interest rates in the euro zone, new figures from the Central Bank show. The average interest rate on new Irish mortgage agreements stood at 2.69% in December, compared to euro area average of 1.29%. ...

09 Feb 2022 at 17:57

National News

Relaxing Mortgage to Rent limits 'a solution for some people' in arrears, says O'Brien

A relaxation of limits on a mortgage to rent scheme for people in arrears will see more individuals and families being able to stay in their homes. The State scheme has been expanded to allow more people to use it. Owners of houses ...

24 Jan 2022 at 15:50

National News

Government action needed to "cushion body blow' of expected mortgage rates increase

Lending interest rates are due to rise twice by the end of the year, with the European Central Bank (ECB) expected to announce the hikes. The move will put extra financial pressure on tracker and variable mortgage holders who will ...

24 Aug 2022 at 14:13

National News

Homeowners urged to act now to avoid mortgage repayment hikes

Mortgage holders on either variable or fixed rates with less than two years to run need to act now to avoid challenging repayment hikes, experts have warned. They say people rolling out of historic low fixed-term contracts in the ...

05 Sept 2022 at 10:00

Varadkar rules out mortgage interest rate relief for homeowners

National News

Tanaiste rules out bringing in mortgage interest rate relief for homeowners

The Tanaiste has ruled out bringing in mortgage interest rate relief for homeowners as the European Central Bank (ECB) raised interest rates again. Leo Varadkar said there are no plans to introduce rate relief for homeowners, ...

15 Dec 2022 at 13:05

National News

Mortgage switching index shows 3% gap between highest and lowest five-year rates

Mortgage holders seeking fixed rate security have been advised to look before they leap after the latest mortgage switching index reveals a three percentage point gap between the highest and lowest five-year rates on the ...

21 Nov 2022 at 12:37

National News

'I felt it was only right' - Humphreys extends mortgage arrears scheme by a year

A scheme designed to support families in mortgage arrears is being extended until the end of next year. The Minister for Social Protection and Minister for Justice, Heather Humphreys, today (November 30) announced the ...

30 Nov 2022 at 11:05

Business

Irish banking group given multimillion-euro fine over tracker mortgage scandal

One of Ireland’s biggest banks has been fined almost 100 million euro for its role in the country’s tracker mortgage scandal. AIB Group apologised for the distress and financial losses suffered by customers and ...

23 Jun 2022 at 13:17

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