AIB chief Duffy insists rate increase is “regrettable” but “fair”
Allied Irish Banks (AIB) chief executive David Duffy said today it is regrettable that the bank has had to raise interest rates for customers on variable rate home loans, but added the move it is fair....
View ArticleHomeowners will be allowed to move and keep their tracker mortgage
Homeowners will now be able to move house without having to give up their low interest tracker mortgages. Trackers are linked to the rate set by the European Central Bank, which currently has an...
View ArticleAIB considering allowing movers to retain their trackers
State owned AIB are understood to be considering following in the footsteps of Bank of Ireland and Permanent TSB by offering new mortgage deals to existing homeowners who wish to move house while...
View ArticleHouseholds continue to pay down debt and save more
Irish households are continuing to pay down their debts to the banks and are saving marginally more, new figures show. The total credit to households outstanding on the balance sheets of the main...
View ArticleBanks to be given power to take tracker mortgages off those in arrears
Lenders are set to be given power by the Central Bank to take tracker mortgages off struggling homeowners who are in arrears on their mortgages. Banks will face heavy restrictions if they are to remove...
View ArticleFurther cut to ECB rate could be in the offing
Homeowners with tracker mortgages could be set to benefit from further cuts in their monthly repayments this autumn. The head of the European Central Bank, Mario Draghi, signaled yesterday that rates...
View ArticleAverage interest rate on Irish mortgages now stands at 2.92%
The average interest rate paid on Irish mortgages stood at 2.92 per cent at the end of the June, the latest Central Bank figures show. The corresponding interest rate reported by all credit...
View ArticleFurther rate cut being considered by the ECB
The European Central Bank’s governing council are said to be considering a further interest rate cuts of a quarter a percentage point. The benchmark rate, which has a direct impact for those on tracker...
View ArticleLatest ECB rate cut is good news… but not for everyone
Yesterday the European Central Bank announced that it was cutting its main interest rate to a new low of 0.25%, leaving around 400,000 tracker mortgage holders celebrating an early Christmas present....
View ArticleKBC Bank set to allow people to switch their mortgages to it
Mortgage lender KBC Bank is set to become the first bank in five years to allow people to move their mortgage to it. According to today’s Irish Independent, the Belgian-owned bank will pay €1,000...
View ArticleFurther ECB rate cut expected this summer
Tracker mortage holders could be set for another rate cut this summer. A report in today’s Irish Independent claims that the European Central Bank will be forced to reduce its key lending rate in June....
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Households continue to pay down debt and save more
Irish households are continuing to pay down their debts to the banks and are saving marginally more, new figures show. The total credit to households outstanding on the balance sheets of the main...
View ArticleClik here to view.
Banks to be given power to take tracker mortgages off those in arrears
Lenders are set to be given power by the Central Bank to take tracker mortgages off struggling homeowners who are in arrears on their mortgages. Banks will face heavy restrictions if they are to remove...
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Further cut to ECB rate could be in the offing
Could another cut to the ECB rate be on the cards? Homeowners with tracker mortgages could be set to benefit from further cuts in their monthly repayments this autumn. The head of the European Central...
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AIB, EBS and Haven reduce rates on fixed and variable mortgages
There was good news for new and existing customers of AIB, EBS and Haven today after the financial trio announced they are to reduce fixed and variable mortgage rates. This marks the first time that...
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AIB rate cut could lead to other lenders following suit
Mortgage holders finally got some long overdue reprieve from lenders yesterday when AIB, EBS and Haven announced they were reducing their fixed and variable mortgage rates for new and existing...
View ArticleBanks cut their mortgage interest rates
Earlier this week two of the country’s biggest lenders announced plans to cut its mortgage rates. Permanent TSB led the way when it said it will reduce its interest on variable interest-rate mortgages...
View ArticleBank of Ireland to offer owner occupiers 1% of their mortgage amount to...
Bank of Ireland has announced that it will pay owner occupiers 1% of their mortgage amount when they switch their mortgage to Bank of Ireland. The 1% payment, which is not capped, is designed to cover...
View ArticleUlster Bank cuts fixed and variable mortgage interest rates
Ulster Bank has became the latest lender to announce cuts to its fixed and variable mortgage interest rates. The Bank has also announced the launch of a 60pc LTV fixed rate range. It said it is now...
View ArticleUlster Bank to offer €1,500 to new mortgage customers
Ulster Bank are set to offer €1,500 toward the costs of those who take out a home loan with them over the coming months. The superb offer comes just weeks after Ulster Bank cut its variable and a...
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