# Mortgages

Last week

22nd January 2023 - 28th January 2023

# European Central Bank

Bank of Ireland increasing fixed mortgage rates again

The banks’s fixed interest rates will increase by 0.75% for all new mortgage loan drawdowns.

20.0k

Jan 24th 2023, 1:17 PM

This month

January 2023

# Housing

Value of mortgages increase by 16.8% in 12 months: banking lobby report

The value of first-time buyers’ mortgages rose 1.4% year-on-year, according to the report.

8.3k

Jan 13th 2023, 7:08 AM

Last year

2022

# Banks

Tánaiste says there are no current plans to reintroduce mortgage interest relief

Varadkar said there are no plans currently but it’s not something the Government would rule out for the future.

15.7k

Dec 15th 2022, 1:33 PM

# Interest Rates

Permanent TSB becomes latest bank to raise interest on fixed rate mortgages

The increases will range from 0.05% to 0.9% depending on a range of factors.

19.0k

Nov 18th 2022, 7:51 AM

# Interest Rates

Bank of Ireland immediately raises interest rates by 0.25% for new fixed rate mortgages

Bank of Ireland says the move is ‘in light of recent interest rate increases by the European Central Bank’.

15.8k

Nov 10th 2022, 11:43 AM

# Housing

Mortgage change rules to 'boost purchasing power' of renters

The share of renters that can purchase a three-bed semi-detached home in Dublin has fallen since 2015, says the Central Bank.

13.1k

Oct 20th 2022, 6:15 AM

# Explainer

Mortgage lending limits: What will the new Central Bank announcements mean for you?

An easing of lending restrictions announced today will make a mortgage more accessible for first-time buyers

11.0k

Oct 19th 2022, 6:12 PM

# Reaction

Housing minister welcomes mortgage rule change but concerns raised about house price increases

Concerns have been raised about increasing borrowing limits when supply remains low.

11.6k

Oct 19th 2022, 3:17 PM

# mortgage rules

Central Bank rule change: First-time buyers to be able to borrow four times gross income

A review into mortgage lending began last year.

105k

Updated Oct 19th 2022, 11:38 AM

# Banking

Mortgage customers 'frustrated' over wait times to switch lenders amid interest rate hikes

There has been a significant increase in applications over the last 12 months, brokers have said.

One customer started his application in July and still has not received a loan offer from the lender he wants to switch his mortgage to, Michelle Hennessy reports.

Brokers have said the exit of Ulster Bank and KBC from the market has left other lenders struggling to keep up with rising demand.

22.3k

Oct 9th 2022, 12:05 AM

Voices

Analysis: ECB rates are on the rise, what does this mean for mortgage holders?

Financial expert David Quinn looks at the latest rate hike and the options available to homeowners.

26.5k

Updated Sep 9th 2022, 10:15 AM

# Mortgage drawdowns

House hunters' spending power drops by 9% as average house price continues to rise

House hunters now have an average of €27,000 less to spend on a home compared to this time last year.

26.4k

Jul 26th 2022, 12:05 AM

# catriona carey

Central Bank issues warning about unauthorised firm linked to businesswoman Catriona Carey

Carey is listed as the sole director of Careysfort Asset Estates Ltd.

29.0k

Jun 9th 2022, 7:38 PM

# Mortgages

Mortgage seekers need 'significantly' higher earnings than 10 years ago to secure financing

Median household income of first-time buyers increased from €71,000 to €77,000.

16.9k

May 24th 2022, 6:15 AM

Voices

Opinion: The last thing this housing market needs is a subsidy for developers

The Social Democrats are asking the government to scrap the subsidy for developers – Cian O’Callaghan explains why.

18.7k

May 18th 2022, 12:18 PM

Voices

Opinion: I am one of 'generation rent' - it sounds like a joke but we've stopped laughing

Conor Brummell says young people in Ireland feel they’ve been forgotten by all on the political spectrum.

59.8k

Apr 10th 2022, 6:55 PM

# Housing

Highest number of mortgages drawn down last year since 2009

Mortgages drawn down in 2021 were worth a total of €10.5 billion, the highest value since 2008.

10.4k

Jan 26th 2022, 6:10 AM

All time

# Housing

'Don't despair': Housing Minister on his 'radical' plans to solve Ireland's housing issues

State-backed mortgages, Airbnb regulations, and new law needed for Mica scheme – Housing Minister Darragh O’Brien tells The Journal that people shouldn’t despair about housing.

Grant schemes are under consideration for the buying and refurbishment of above shop units as well as vacant properties around the country, the housing minister tells Christina Finn.

New regulations have been signed that will increase first-time buyers income ceiling for the local authority home-loans to €65,000 for single people.

Minister says he's "frustrated with the pace" with the pace of progress in regulating short-term let platforms.

33.6k

Dec 16th 2021, 12:05 AM

# Housing

Number of mortgage approvals continues to grow as almost 4,700 signed off last month

This represents a significant increase on the 1,879 mortgage approvals issued in May 2020, the BPFI said.

8.3k

Jun 29th 2021, 6:10 AM

# bank of mum and dad

People split on mortgage lending rules but strongly opposed to limits on inheritance from parents

An overwhelming majority do not favour limits on the money people can receive from parents.

66.7k

Jun 28th 2021, 6:45 AM

# Housing Crisis

Varadkar urges Central Bank to get mortgage lending rules review done 'as soon as possible'

The rules restrict the amount someone can borrow to 3.5 times their income, though there are exemptions.

17.9k

Jun 24th 2021, 3:08 PM

# Mortgages

Number of mortgage approvals nearly doubled in April compared to same month last year

4,362 mortgages were approved in April this year.

8.3k

Jun 1st 2021, 6:15 AM

# Housing Market

First-time buyer mortgage drawdowns at highest Q1 level since 2007 - BPFI

Figures show overall mortgage drawdowns in Q1 were at their highest since 2009.

12.7k

Apr 29th 2021, 12:34 PM

# property ladder

'Relationship status should not define your ability to own a home, but it does'

Single people say trying to buy a home is even more difficult for them than for couples – and that’s saying something.

As difficult as buying a home can be for couples, single people face an even bigger challenge

Some people are 'priced out of 95% of houses in Dublin'

'The rampant greed of the Celtic Tiger cast a long and depressing shadow,' one buyer said

90.1k

102

Mar 28th 2021, 12:05 AM

# Mortgages

Significant decline in buy-to-lets as Covid-19 continues to impact housing market

Buy-to-let investors now account for less than 1% of mortgages, compared to 20% in 2006, according to new figures.

13.9k

Mar 9th 2021, 6:00 AM

# property ladder

Over 3,300 mortgages approved in January, representing 2.8% year-on-year increase

That’s according to figures released by the Banking & Payments Federation Ireland today.

11.8k

Feb 26th 2021, 6:30 AM

# Banking

'No need to panic': How will the Ulster Bank wind down affect customers?

The bank will be wound down gradually over the next few years.

21.6k

Feb 19th 2021, 10:49 AM

# The Banks

Government to explore creating a 'third force' in Irish banking if Ulster Bank exits Irish market, says Varadkar

A formal announcement is expected on Ulster Bank’s operations in the Republic of Ireland tomorrow.

75.8k

Updated Feb 18th 2021, 12:53 PM

# Mortgages

How to make it through the mortgage maze (and de-stress while you're doing it)

Expert tips on putting yourself in pole position for mortgage approval, without a worry overload.

4.4k

Feb 1st 2021, 3:21 PM

# property ladder

Over 5,200 mortgages approved in October, with surge driven by first-time buyers

October was the busiest month for mortgage approvals since BPFI began collecting this data in 2011.

20.4k

Dec 1st 2020, 6:30 AM

# In trouble

Vintners say thousands of pubs face defaulting on loans as six-month mortgage moratorium due to end

Pubs were given a six-month moratorium on their mortgages.

27.4k

Sep 1st 2020, 12:51 PM

# Mortgages

Wage subsidy and mortgages: 'The government isn't helping them. What chance have they with the banks?'

Many on the wage subsidy scheme with mortgage approval have struggled to reach the drawdown stage.

48.6k

Aug 8th 2020, 9:00 PM

# Mortgages

Sinn Fein's Pearse Doherty accuses banks of ‘profiteering from pandemic’

Since March, nearly 80,000 mortgage-holders impacted by the pandemic have taken payment breaks.

20.7k

Jul 8th 2020, 6:26 PM

# awaiting approval

AIB reverses 'de-facto ban' on mortgage approval for wage subsidy recipients

The bank said that it may still refuse to allow a mortgage to be drawn down if it finds a customer is unable to meet repayments.

37.2k

Jul 1st 2020, 6:04 PM

# demand and supply

Pandemic set to cause major shortfall in housing supply, warns new study

The study from the Banking & Payments Federation Ireland shows that new builds have been badly impacted.

19.3k

Jun 16th 2020, 6:10 AM

# wage subsidy scheme

'The stress is real. And growing': Wage subsidy recipients with mortgage approval uncertain if they can buy home

Some applicants have been told by their bank they can’t draw down their mortgage if they’re in receipt of the wage subsidy scheme.

48.6k

Jun 15th 2020, 12:05 AM

# new home

April figures show a drop of over 40% in mortgage approvals being granted in Ireland

In total, 2,200 mortgages were approved in April.

13.1k

Jun 4th 2020, 6:05 AM

# Mortgages

Taoiseach meets with five major banks to discuss Covid-19

The government says that the banks have agreed that anyone availing of a mortgage break can now extend the loan term.

62.8k

May 11th 2020, 7:06 PM

# Lending

Drop of nearly 10% in mortgage approvals in March compared to 2019

The figures offer an early indication of the impact of Covid-19 on lending.

16.9k

May 6th 2020, 8:18 AM

# Coronavirus

Covid-19 mortgage break to be extended from three months to six

All of the country’s main banks are participating in the break.

34.9k

Updated Apr 30th 2020, 11:24 AM