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Wednesday 29 March 2023 Dublin: 11°C

# Mortgages

All time
# the new rules
Average earner saving a €30,000 home deposit? Enda says that's 'achievable'
Strict new lending rules are coming in. But first-time buyers are still being allowed borrow 90% of a property’s value, up to €220,000.
# no place like home
Is the Credit Union going to start doing mortgages?
Maybe, but it’s “early days”.
# Your Say
Poll: Do you plan to buy your own home?
Are you a lifelong renter or do you want the property ladder?
Opinion: Opposition to mortgage caps is worryingly shortsighted – have we learned nothing?
Irish house prices are increasing at a rate 30 times the eurozone average. If you think this seems like a bubble, it’s because it certainly looks like one.
# limits
New mortgage rules 'will stop another boom... but rents could explode'
But the Central Bank could relax its rules for first-time buyers.
# P.I.M.P.
Was Eddie Hobbs pimping property during the boom?
We spoke to the financial advisor involved in Lucinda Creighton’s new party about his advice to consumers during the boom.
# Housing
The IMF is a fan of the Central Bank's mortgage rules
But it says that reform of the rental market is needed.
# gaffs
Mortgage rates drop: First Permanent TSB, now BoI ring in the changes
But only new customers will reap the full rewards.
# Mortgage Holders
10,000 Irish homeowners need protection against 'vulture funds'
Fianna Fáil’s Finance Spokesperson Michael McGrath has said the issue needs to be dealt with in 2015.
# Your Say
Poll: Will only rich people be able to buy houses under new mortgage rules?
That’s the concern of the Department of Finance.
# Prime Numbers
Tayto crisps, Mary Lou McDonald, and U2: The week in numbers
Plus: How many homeowners are more than two years behind with their mortgage repayments?
# going under
The number of homeowners who are years behind on their loans is still going up
Banks have been accused of only helping the ‘low-hanging fruit’ of people who are a few months overdue.
# ruled out
Two-thirds of first home buyers would not meet new Central Bank rules: Ulster Bank
The bank’s boss is not a fan of buyers having to save a 20% deposit.
# payback time
AIB will return the €21bn taxpayers pumped into it, but don't hold your breath on when
Here’s what the bank’s chief would reveal today about how long that will take…
# getting screwed
Why does Ulster Bank charge Irish customers much higher mortgage rates than those in NI?
The bank’s boss has been accused of “screwing” customers to pay for its bad decisions.
# Back in black
AIB is giving out more mortgages and fewer people are in arrears
The bank says it is “profitable” this year.
# Mortgages
Want to buy a house next year? You may not actually need a full 20% deposit
New rules restricting banks from granting loans of more than 80% of the property value were due to come into force in January 2015 but there may be a way around that.
# Rainy Day
Thinking of saving for a house? Here's what to expect*
*Hint: It’s not going to be easy.
# first time buyers
Will Enda snub the Central Bank to keep deposits at 10 per cent?
A new mechanism to make sure houses remain affordable for first-time buyers is being considered by the coalition.
# pricey pads
Dublin apartment prices are up 35% in a year, but the house market is finally starting to cool
Most of buyers’ ‘mattress money’ that was built up during the boom years is gone.
Aaron McKenna: The Central Bank mortgage restrictions make great sense – here's why
With these rules in place, property prices will tied to people’s incomes rather than crazy speculations.
# right direction
There's been a drop of 2,000 in the number of mortgages in arrears
There figures relate to the six main banks, which cover 90 per cent of the market.
# Property Bubble
Fianna Fáil thinks the Central Bank's tough new lending rules are 'simply unfair'
Yep, the party in power during the last property bubble…
# Mortgage Your Future
Buying a house? Here's what you need to be earning under the new rules
The Central Bank has revealed some new guidelines to banks. Here’s how they might affect you.
# laying down the law
Bubble buster: Homebuyers face 20% deposits as banks hit with tighter controls
The Central Bank is seeking to reduce banks lending risky mortgages.
# Your Say
Poll: Should there be a limit on how much you can borrow for a mortgage?
Is self-regulation now a non-runner?
# Mortgage Arrears Crisis
Worried about losing your home? These guides are for you
The guides cover both the Circuit and High courts.
# Housing Crisis
'If children are being left without a home, what are any of us doing here?'
TDs have been debating a Sinn Féín-proposed motion on homelessness.
# over stimulation
Estate agents to Government: Don't 'reinflate the housing bubble'
Savills say that the mortgage guarantee scheme could do just that.
# winners
What do ECB interest cuts mean for Irish pockets? Plenty for trackers
But you should take advantage while you can, OK?
# Next Level
Knocking through and levelling up - your three-step guide to renovating
Invaluable tips and tricks for navigating the new territory of home improvement.
# debt problem
Ireland has a €12.5 billion problem mortgage mountain to climb
The headline number of arrears has fallen, but ultra long term problem loans continue to climb.
# cat melodeon
A Russian bank is giving out cats to people taking out mortgages
A stroke of marketing genius.
# no end in sight
There's still no solution for over 70% of problem mortgages
New figures from the Department of Finance also show that Buy to Let loans are still struggling.
# Vulture funds
Fears as 10,000 mortgages now in the hands of 'vulture funds'
The selling off of IBRC assets leaves home owners vulnerable to a rise in interest rates.
# Pay Up
We're still paying more for mortgages than the rest of Europe
The rate is coming down, but new lending for house purchase is still more expensive than the euro zone average.
# inbox me
The Briefcase: Russia freezes us out, house prices and drinking on the job
This was the week in business.
# payback time
Homeowners are stepping up problem mortgage repayments - but it's not enough to solve the arrears crisis
Meanwhile, new mortgage approvals have hit a three year high, with over €400 million approved in the second quarter.