Thursday July 16, 2020

Mortgage hikes likely to cut house prices

The latest round of standard mortgage variable (SVR) rate hikes will put pressure on more residential property developers to cut house prices, according to a senior mortgage broker.

26th April, 2008

The latest round of standard mortgage variable (SVR) rate hikes will put pressure on more residential property developers to cut house prices, according to a senior mortgage broker.

He advised mortgage customers to ring their banks and check their rates tomorrow.

Michael Dowling, spokesman for the Independent Mortgage Advisors Federation (IMAF), said the rate hikes - which include Ulster Bank and First Active increases of 0.2 per cent, and a 0.25 increase for the state’s...

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