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Wednesday 29 March 2023 Dublin: 12°C

# Mortgages

All time
# 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.
# 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.
# 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.
# 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.
# 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.
# bpfi
Banks say that people who got mortgage approval before the crisis can have this extended
Customers can be granted an extension in situations where their “circumstances have not materially changed”.
# payment breaks
Banks see calls rise 400% as customers seek support amid Covid-19 crunch
Banks are far busier but visits to branches have dropped significantly.
# property ladder
First-time buyers made up most of the 12,000 mortgages drawn down in last quarter of 2019
The 12,259 mortgages are valued at €2.7 billion.
# approvals
Mortgage activity 'returning to 2008 levels' as draw-down figures at highest level in 10 years
New figures show there were 10,157 mortgages drawn down in the second quarter of the year.
# homeoptions
'It's a no-brainer': New not-for-profit company aims to keep distressed borrowers in their homes
Homeoptions is offering itself as an alternative to vulture funds and said it is already engaging with one bank in relation to a home loan portfolio.
# mortgage sale
Ulster Bank sells off nearly 4,000 of its customers in massive family home loan book sale
90% of the loans due to be sold are family homes – about 3,200 accounts.
# homeowners' rights
Central Bank to scrap code of conduct for banks on the transfer of mortgages as it's 'not relevant'
Sinn Féin’s No Consent, No Sale Bill aims to puts the code on a statutory footing.
# Mortgages
Property prices in Dublin city decrease but rise across the country
People struggling to get mortgages and concerns about Brexit are affecting the market.
# bpfi
Over 12,000 mortgages worth €2.6 billion drawn down in the last three months
12,112 mortgages worth €2.6 billion were drawn down during the fourth quarter of 2018.
# Save Money
New rules making it easier to switch your mortgage kick in from today
Lenders will now have to tell customers 60 days before their fixed term ends and let them know about new rates and other options.
# sell off
Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages
Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.
# modernising
An Post takes first steps into the mortgage business by seeking info from 'prospective partners'
From an “uncertain and extremely bleak” outlook, An Post is aiming to expand the services it offers.
# switched on
Is switching my mortgage worth the hassle? We put your questions to a consumer expert earlier today
Áine Carroll of the CCPC joined us live on Facebook.
# property ladder
Over 4,000 mortgages approved last month, with lots of people switching
The almost 45,000 mortgages approved in the last 12 months are valued at €9.9 billion.
# Mortgages
Have you considered switching your mortgage? Tell us what you'd like to know about it
We will put your questions to a consumer expert.
# sell off
Calls for Dáil to be recalled after PTSB sell thousands of home loans to vulture fund
The bank sold its controversial Project Glas loan portfolio to a so-called vulture fund for around €1.3 billion.
# slowing down
The asking price for a typical three bed semi-detached in Dublin is now at €310,000
The report looks at house prices over the year up until the end of Q2 of this of this year.
# Transparency
New rules for banks will make it easier to save thousands on mortgage repayments
From next year banks will have to give notice of the end of fixed rate terms and let variable rate customers know if they can move to a cheaper rate.
# bubble bubble
Many mortgage rates are being cut - but the sector needs 'careful monitoring'
Incomes are not rising to match lending.
# sell off
A 'difficult decision': Ulster Bank confirms it will sell 6,500 mortgages in arrears
Around 3,600 of the mortgages are private dwellings that have fallen in arrears.
# us mortgage crisis
RBS, which owns Ulster Bank, agrees to pay €4.1 billion fine
The bank has been fined by the US Justice Department over its role in the subprime mortgage crisis.
# The Banks
How many mortgage holders have banks taken to court so far this year?
We take a dive into the figures available for the cases brought against homeowners in the courts over the past few years.
# buy to rent
Interest-only mortgages in the spotlight but lender says it has 'no concerns'
Fianna Fáil has called for the products to be looked at.
# property ladder
A three-bed semi-detached house now costs an average of €229,111
The highest increases in prices to date in 2018 have occurred in towns.
# vultures
Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds
Executives blamed the European regulator for the classification of these loans as non-performing.
# Vulture funds
PTSB chief refuses to appear before Finance Committee next week over loan sale
The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.
# vultures
Dealing with a vulture fund - how these families have coped
With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.
# vulture fears
Mortgages sell-off will disrupt already-volatile housing market, charities warn
Ulster Bank said today that it would be looking to offload around 7,000 mortgages on top of PTSB’s proposed 18,000.
# Vulture funds
Harris on PTSB home loan sale: 'It's time to see a bit of humility from our banks'
Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.
# Vulture funds
Minister concedes homeowners who engaged with PTSB may not have deals honoured
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
# Mortgage Arrears
'They're for the chop': High Court Master says 'wave of repossessions' on the horizon
Master Honohan asked if it’s a “sick joke” that people writing to the Taoiseach were told to seek help from Abhaile.
# fire sale
'It's not fair': Fianna Fáil poised to block PTSB loan sale to 'unregulated' vulture funds
The bank, which is 75% owned by the State, plans to sell off a loan book worth €4 billion.
# pentire
'I wouldn't want to go up against them alone': Vulture fund ramps up taking homeowners to court
Pentire Property Finance is a subsidiary of US investment giant CarVal.
# Your Say
Poll: Should people who stop paying their mortgages be free from eviction?
A new report from the Central Bank has said that people began to do this in their droves in 2011.
# Moral Hazard
Irish people stopped paying mortgages in their droves after a ruling blocked the banks from evicting
The Dunne Judgement from July 2011 stated that banks could no longer foreclose until new legislation was brought in on the issue.