Mortgages | Business Post

AIB posts profit after tax of €765 million for 2022

Net interest income increased to €2.1 billion driven by increasing interest rates and higher average loan volumes

Rate of mortgage approvals jumps to record high

The value of mortgages for property purchases increased by 10 per cent year-on-year

Bank of Ireland raises fixed mortgage rates for second time in three months

Lender had previously increased its fixed rates for new mortgages last November

New mortgage approvals rise to €15bn as customers seek new deals amid rising interest rates

Figures from the Banking and Payments Federation Ireland showed a 17% increase in new mortgage approvals in 2022 versus the year before

Irish mortgage rates third-lowest in eurozone last November, but increases on horizon

New figures show the average interest rate on new Irish home loans remained at 2.57% last November, but figures largely predate hikes from big Irish lenders

Ian Guider: What could go wrong as the Central Bank to allow borrowers take on more debt?

The ban on evictions of renters over the winter months marks a major shift in housing policy, but the Central Bank’s decision to relax rules for mortgage borrowing for first-time borrowers could burden borrowers with unsustainable debt

Central Bank to ease mortgage lending rules from January

Under the new rules, borrowers will be able to borrow up to four times their income but will still be required to provide a 10 per cent deposit if a first-time buyer

New mortgage rates nearly double at one of Ireland’s biggest lenders

Finance Ireland’s price increase is in response to the European Central Bank hiking rates

Irish homeowners warned higher mortgage rates on the way

The European Central Bank is raising rates in an effort to fight inflation

Workers at finance start-up let go after plan to launch new Irish mortgages with An Post is delayed

MoCo is still planning to start selling loans in 2023

John Walsh: Irish banks should no longer be considered risky propositions

The lack of competition in the banking sector here reflects structural defects in the Irish market, as well as a failure of the European banking union to live up to its original billing

Numbers buying homes in capital surges 55 per cent, says DNG

Estate agent tells Dublin property owners that it’s a seller’s market and that premium prices are being achieved as lack of supply continues

John Walsh: Influx of Ukrainian refugees shows why the government must intervene in the housing crisis

Serving as a safe haven for those fleeing Russia’s tyranny is the right thing to do and can bring economic benefits, but it’s heaping pressure on the government to address key structural deficiencies

Strong growth in mortgage approvals in February

The number of mortgages approved rose by 7.5 per cent month-on-month

Lost properties: the forces that are locking buyers out of the housing market

As the housing crisis continues, ordinary people are getting squeezed in bidding wars with small and large investors, while the state buys up other homes for social housing – forcing many to put their lives on pause as their search for a home goes on

Irish mortgage interest rates now highest in the Euro zone

Ireland’s average mortgage interest rate of 2.69 per cent now highest in Euro area following sharp decline in Greece

Mortgage approvals fell in number and value during October

New figures show a slowdown in approvals in Ireland following the ‘upheaval’ of Covid-19 in 2020

John Walsh: The government must stop backtracking on the need for institutional investors

It’s a no-brainer that large funds have to be part of the solution to the housing crisis, whatever the populist cheerleaders might say

PIPs accuse Start Mortgages of ‘veiled intimidation’ over letters

The retail credit firm wrote to borrowers last month advising them that personal insolvency arrangements may be suitable for dealing with mortgage difficulties

KBC sells €1.1 billion worth of non-performing loans to CarVal

The deal represents ‘substantially all’ of the bank’s non-performing loan book as it continues to wind down its Irish operations