Mortgage approvals contributing to house price increases
A Donegal TD has warned that the October surge in mortgage approvals, has contributed to a continued spike in house prices. Recent figures, published by the Banking and Payments Federation, showed that the average mortgage approval amount for first-time buyers had increased by €10,000 over the past year. The Sinn…
Mortgage breaks need to be extended says Sinn Fein TD
The mortgage breaks due to expire in the coming days need to be extended, according to Sinn Féin. The government has been warned tens of thousands of people could fall into default in just six days time. It’s expected Ministers will meet with the banks on Monday and insist the…
Finance Minister announces mortgage relief, other measures to help those hit by coronavirus pandemic
Mortgage payment relief has been announced this evening for homeowners affected by the coronavirus pandemic. A so-called ‘three-month mortgage holiday’ is to be implemented following a meeting this afternoon between Finance Minister Paschal Donohoe and the CEOs of Ireland’s leading banks. Other measures agreed include the rising of the maximum…
First time buyers are being abandoned by the government – Scanlon
First time buyers in the north west are being abandoned by the government. That’s according to local Fianna Fail TD, Eamon Scanlon, who says people are paying more in long term rent than they would be for a mortgage. Fianna Fail have put forward legislation that hopes to address a…
Mortgage crisis: people and families should be priority, says MacSharry
A Sligo/Leitrim TD claims lenders have been given priority over people when it comes to dealing with the country’s mortgage crisis. Speaking in the Dail on the Mortgage Arrears Resolution Bill, which is going through the Dail at present, Deputy MacSharry said that during the financial crisis they constantly heard…
CSO: Most people moving home are renting rather than buying
Most of the people in Donegal, Sligo and Leitrim who changed home in the year before the 2016 Census were moving into rented accommodation. And in all three counties, only a relatively small number were buying a new home with a mortgatge or loan. In Donegal, only 363 of the…