Exempting ‘back-garden homes’ from planning rules part of Government plan to increase housing Policy change seen as potential solution for young people and downsizers Cabin-style homes in back gardens are to be exempt from planning rules under new Government plans. It is hoped that this will help provide more housing options and allow households to downsize. The homes can be rented out or used by relatives of the main dwelling’s owner. They could also be […]
New mortgage start-up puts pressure on traditional lenders with interest rate cut Non-bank lender Núa Money is cutting mortgage rates in a move brokers said would keep competitive pressure on the bigger institutions. Núa Money, which started mortgage lending here only last year, is dropping its rates by up to 0.75 percentage points. Núa is a mortgages start-up backed by the Allen beef barons of Wexford. It secured a licence from the Central Bank earlier […]
Tracker holders benefit but savers to lose out as ECB cuts rates again Tracker mortgage holders will see their monthly repayments fall after the European Central Bank delivered its fourth rate cut since the summer.
Family will save €18,000 a year after new lender Núa Money takes on their mortgage Interest rate on loan that was owned by vulture fund more than halved from 10.4pc to 4.85pc New mortgage provider Núa Money
Huge jump in number of first-time home buyers seeking help through €680m shared equity scheme More than 500 homes were bought in three months using the
ECB delivers its second rate cut by quarter point in boost to borrowers The European Central Bank delivered a second rate cut today, with hopes of more to come in the next few months. The 0.25 percentage point cut is a boost to borrowers and comes after the ECB had increased rates 10 times up to last September. The move means the bank’s refinancing rate, from which trackers are priced, comes down to 3.65pc. In […]
Why investors are targeting second-hand homes in regional towns, inflating prices and outbidding first-time buyers Auctioneers and estate agents have had one of their busiest August months ever Investors now targeting cheaper regional homes to beat rent-cap rulesIpav predicts inflation will hit 10pc in 2024, double last year’s growth of 5pc Sorry, the video cannot be played. Try reloading the page or try again later. Investors outbid first-time buyers for second-hand homes in large regional town […]
Relief for mortgage holders as string of rate cuts on the way Falling inflation across eurozone to bring some relief Good news for borrowers as ECB interest rate cuts loom Mortgage holders can expect a string of interest rate cuts as falling inflation across Europe should offer relief on monthly repayments. People on tracker mortgages are in line for two interest rate cuts in the next three weeks. Falling inflation across the eurozone means the […]