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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 Government is keen to see planning laws around modular properties eased. Photo: Getty 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 -
New mortgage start-up puts pressure on traditional lenders with interest rate cut The move could pressure others to cut rates. 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 -
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. But savers have been warned that they are set to lose out as more deposit takers are likely to reduce the interest they pay for money saved in bank accounts. European Central Bank (ECB) governors decided to cut the lending -
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 About 60,000 homeowners are trapped with vulture funds. Photo: Stock image New mortgage provider Núa Money has started to offer an escape for homeowners trapped with vulture funds and paying the highest lending rates on the market. Núa is a mortgages start-up backed -
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 Government’s First Home Scheme, more than double the number during the same period last year. The €680m First Home Scheme, also known as the shared equity scheme, is part of the Government’s plan to address the housing crisis. It was designed to help first-time buyers bridge the gap between -
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
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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