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 Blog Archive: Finance

September 2011

  • Online gambling harms mortgage applications
    ONLINE betting accounts are being used as reasons for refusing struggling homeowners the option of having a mortgage approved or restructured
    Date Posted: 05 September 2011
    Finance
  • Families may be allowed to rent their repossessed homes
    FAMILIES whose homes are repossessed may be allowed to stay in their properties in return for giving up ownership and renting it from the state.
    Date Posted: 01 September 2011
    Finance
  • August 2011

  • Energy leads rise in cost of living
    The cost of living rose 2.7 percent in the last year, with energy and housing costs fuelling the hike, according to figures from the Central...
    Date Posted: 11 August 2011
    Energy,Finance
  • Thousands left in lurch as payments firm folds
    Thousands of euro in savings are feared lost after Dublin based Home Payments went bust. Customers advised to cancel all direct debits immediately
    Date Posted: 05 August 2011
    Finance
  • July 2011

  • Mortgage holders hit again as rates top 6pc
    PERMANENT TSB has increased its variable rates for the third time this year in a move that has seen some of its mortgage costs top 6pc for the first...
    Date Posted: 19 July 2011
    Finance,Property
  • Only 2pc of householders plan to move in next year
    New research has found that only a tiny percentage of people are planning to buy a home in the next year, as plunging property values and a lack of...
    Date Posted: 01 July 2011
    Finance
  • June 2011

  • Borrowers in arrears to provide statement
    This process is certainly going to force homeowners in arrears to take a long hard look at their current outgoings with a forensic approach to...
    Date Posted: 07 June 2011
    News,Finance,Your Home
  • May 2011

  • Claims falsely recorded against customers in insurance blunder
    Tens of thousands of customers have had claims falsely registered against them on an internal insurance industry database, leading to fears of...
    Date Posted: 31 May 2011
    News,Finance,Your Home
  • Mortgage Protection Premiums falling
    It may never be 'Rocket Science' to suggest shopping around for the best price on any purchase and while a 126 euro per year on the Mortgage...
    Date Posted: 27 May 2011
    Finance,Your Home
  • Number of homeowners in arrears soars to 50,000
    Regular reports over the past 18 months or 2 years show this figure steadily increasing but in all that time there's still been no mention of any...
    Date Posted: 20 May 2011
    Finance,Your Home
  • Nama to offer investors, home buyers incentives
    There could be an element of flogging a dead horse to these proposals in an attempt to get the property market moving or perhaps more accurately they...
    Date Posted: 20 May 2011
    Finance,Property
  • Calls for Legal Protection for Debtors
    A week ago very few could say who Edmund Honohan is, but some glimmers of hope for indebted homeowners in comments by The Master of the High Court...
    Date Posted: 15 May 2011
    News,Finance
  • Homeowners to get grants of over 5000 euro
    Some potentially good news for Irish Homeowners from the Govenment's Job Initiative with the announcement that grants will be available to make their...
    Date Posted: 12 May 2011
    Energy,Finance,Your Home
  • No water levy until meters installed
    Not a U-Turn by the Government but instead Minister Hogan says that reports from last week suggesting a fixed rate water fee was to be implemented...
    Date Posted: 10 May 2011
    Finance,Your Home
  • Tax relief for 'boom' mortgage holders delayed
    We've highlighted a few other 'broken promises' by the Government recently and at the start of April highlighted the lack of detail provided related...
    Date Posted: 04 May 2011
    Finance,Your Home
  • How much is your mortgage tracker deal worth?
    The Independent Mortgage Advisers Federation (IMAF) have done their sums on the mortgage pay off offer from Permanent TSB and other mortgage lenders...
    Date Posted: 02 May 2011
    Finance,Property,Your Home
  • April 2011

  • Mortgage Market 10 per cent of peak
    It's hard to see when/where the Irish Property market or Home Construction in general will start to pick up as the essential finance in terms of...
    Date Posted: 27 April 2011
    Finance,Property
  • Rise in complaints about mortgages
    Perhaps unsurprisingly, the number of complaints relating to mortgages and especially banks treatment of customers on tracker mortgages has increased...
    Date Posted: 21 April 2011
    Finance,News
  • Warning on 'All-Risk' Insurance
    We suppose the message here is not to assume anything and as a result to check the fine print as there's a good chance you may not have the cover...
    Date Posted: 20 April 2011
    Finance,Your Home
  • Variable-rate homeowners spared hike
    They give a little and they take a little as AIB confirm that its tracker rate will be increased by 0.25pc from today as will the rates on deposits....
    Date Posted: 19 April 2011
    Finance,Your Home
  • Caution urged over Permanent TSB's tracker mortgage deal
    As we pointed out yesterday this deal from Permanent TSB is probably only something you should take advantage of if you can afford to. There are...
    Date Posted: 19 April 2011
    Finance,Your Home
  • Mortgage holders to get 10pc bonus for paying lump sum off trackers
    If you view this as a saving scheme rather than something that's going to cost you money then the 10 per cent rate on offer is much better than any...
    Date Posted: 18 April 2011
    Finance,Your Home
  • 8 ways to ease the pain of soaring home insurance bills
    Home Insurance Premiums are on the way up, here's 8 tips to help you get a lower premium when the time comes to renew.
    Date Posted: 14 April 2011
    Finance,Your Home
  • Make Savings on your Home Insurance at your Credit Union
    If you're a member of your local Credit Union then you could be making a big saving on not just Home Insurance but on Motor, Travel and Health. See...
    Date Posted: 14 April 2011
    Finance,Your Home
  • Bank of Ireland to consider writing off Mortgage Debt
    In a rush to not be left behind Bank of Ireland have now come out to say that they will consider some type of debt forgiveness for mortgage holder...
    Date Posted: 14 April 2011
    Finance,News
  • Home Improvements on a Budget
    To get the best prices for all your Home Improvement work use iDirectory and our 'Get A Quote' system to get quotes quickly and easily from Tradesmen...
    Date Posted: 13 April 2011
    Finance,Interior Decorating,Your Home
  • Home insurance costs to rise after 224m euro winter payout
    So less than 4 years after paying out dividends from profits of over 2.4 billion euro, the insurance companies are crying poverty over payments of...
    Date Posted: 13 April 2011
    News,Finance,Your Home
  • How Debt Forgiveness might work
    Just a bit more detail on Debt Forgiveness, how it might work and what the implications are for borrowers looking to enter into an agreement with...
    Date Posted: 13 April 2011
    Finance,Your Home
  • AIB may write off debt on some troubled mortgages
    Some potential good news from lots of the bad coming from AIB yesterday with the announcement that AIB is considering debt forgiveness for mortgage...
    Date Posted: 13 April 2011
    Finance,News,Your Home
  • No date for measures to help homeowners
    Campaigning in Poetry and Governing in Prose as the saying goes - like many recent election promises this one seems like a good idea but lacks any...
    Date Posted: 08 April 2011
    Finance,Your Home
  • Six ways to save a few euros as belts tighten
    The term 'Household Austerity Plan' may sound quite severe but in the words of 1 former taoiseach - we're living way beyond our means - and even if...
    Date Posted: 08 April 2011
    Finance,Your Home
  • ECB raises interest rate by 0.25pc
    Just the final confirmation, the ECB raises it's interest rate by 0.25pc and the banks will be passing the increase on to you. In a slightly stealth...
    Date Posted: 07 April 2011
    Finance,News,Your Home
  • ECB prepares to hit homeowners with rate hikes
    A day long awaited or more appropriately anticipated looks to have come, a rise of 0.25pc is expected - all we can do is wait and see - the 1 thing...
    Date Posted: 07 April 2011
    Finance,News,Your Home
  • Make Fortnightly rather than Monthly Mortgage Repayments and save thousands
    Make potentially big savings over the life of your mortgage by switching to fortnightly rather than monthly repayments, making a total over the year...
    Date Posted: 05 April 2011
    Finance
  • ESB customers to save 190 euro a year
    It's not all good news with warnings of a 'significant' price hike for gas in the autumn and perhaps the people who might need them most 'frozen out'...
    Date Posted: 04 April 2011
    Energy,Finance,News
  • Borrowers to be rigorously stress tested
    There's certainly an element of closing the door after the horse has bolted about these proposals but they have some merit when/if the market ever...
    Date Posted: 01 April 2011
    Finance,News
  • Get on property ladder before year-end and you'll save thousands with tax relief
    Any decision about getting on the Property Ladder needs to be balanced against any further reduction in house prices with the savings to be made with...
    Date Posted: 01 April 2011
    Finance,Property
  • March 2011

  • Irish Nationwide Increases Variable Rate
    Some 'good' news to finish the day, interesting that this gets announced while the full details of the Irish Bank Stress tests are being revealed..
    Date Posted: 31 March 2011
    Finance,News,Your Home
  • Knock-on effect of higher oil prices for Irish Homeowners
    We at iDevelop.ie perhaps can't help with the impact of oil prices on your travel arrangements but our site is full of hints and ideas on how you can...
    Date Posted: 29 March 2011
    Finance,Gardening,News
  • NCC call for levies on property and water
    Well the Government gives with 1 hand (Mortgage Relief unlikely to be scrapped) and takes with the other, it very much looks like Water Charges and a...
    Date Posted: 29 March 2011
    Finance,News
  • Mortgage relief unlikely to be scrapped
    This might be 1 promise that you will be happy politicians don't fullfil - Mortgage Interest Relief for 1st time buyers is on its way out but looks...
    Date Posted: 29 March 2011
    Finance,News,Property,Your Home
  • Save money on your home bills - Insurance & Natural Gas
    Here's some sample savings you can make. For more options see iDirectory for a list of Home Insurance Providers or your local Natural Gas Suppliers.
    Date Posted: 28 March 2011
    Energy,Finance,Your Home
  • Tracker holders may get cash incentive to pay early
    The details on this potential scheme are still unconfirmed and are more a list of things that could 'possibly' put in place. Firstly, we should be...
    Date Posted: 23 March 2011
    Finance,News,Property
  • Fitzpatrick charges on cards after DPP move
    Hopefully it won't be too much of a stretch to classify this as good news, as we will have to wait and see if the first of potentially a long list of...
    Date Posted: 22 March 2011
    Finance,News
  • AIB mortgage holders see 1pc increase in fixed rates
    Following on from other recent rate increases, AIB have now announced that they are increasing some fixed-rates by almost 1%, hopefully you heeded...
    Date Posted: 16 March 2011
    Finance,News
  • Last chance for Mortgage Interest Relief
    This reminder may not have people rushing to get on the Property Ladder but in terms of savings over the next 7 years it is certainly worth...
    Date Posted: 15 March 2011
    Finance,News,Property
  • Legal bid over 20pc home loan rate
    This could really set the cat amongst the pidgeons, though certainly questions must be asked about agreements where an interest rate as high as 20pc...
    Date Posted: 14 March 2011
    Finance,News
  • Find you way through Mortgage Minefield
    An interesting/useful article giving a good rundown of all that is being done to help homeowners restructure and repay their mortgages - hopefully it...
    Date Posted: 11 March 2011
    Finance,News
  • Bank of Ireland's Week in Review
    Two interesting stories involving Bank of Ireland this week, the furore over the payment of bonuses (all richly deserved and as the least bad of the...
    Date Posted: 04 March 2011
    Finance,News
  • 4 Mortgage Hikes on the way in 2011 from the ECB
    All thanks to the men at the ECB! This type of action can only have a negative impact on households currently experiencing difficulty paying their...
    Date Posted: 04 March 2011
    Finance,News,Your Home
  • 10 per cent of owners struggle to pay mortgage
    More detail/depth on recent figures from the Central Bank but figures do not take into account the effect of the recent mortgage rate increases and...
    Date Posted: 01 March 2011
    Finance,News
  • Mortgage holders in arrears owe over 8 Billion euro
    These figures aren't new, they've been about since last November in 1 shape or another but this marks their first 'official reporting' by the Central...
    Date Posted: 01 March 2011
    Finance,News
  • Mortgage loans fell 22.5 per cent in Q4 of 2010
    The Mortgage market in Ireland continues to weaken with the volume of new lending in the final quarter of last year, falling 22.5 per cent on the...
    Date Posted: 01 March 2011
    Property,Finance,News
  • February 2011

  • Are Banks Lending
    Bank websites imply they are still in the mortgage business but the reality is that they will only lend under strict conditions. So what are these
    Date Posted: 24 February 2011
    Finance
  • Insurers limit flood cover for homes
    Insurers are restricting the number of homes they are offering flood cover to as the industry paid out in Europe 1 billion in the last 14 months on...
    Date Posted: 23 February 2011
    Finance,Property,Your Home
  • New blow for homeowners as Ulster Bank hikes fixed rates
    Ulster Bank has hiked its fixed rates by up to 0.8pc, as more banks try to discourage homeowners from opting for the safety of set monthly repayments.
    Date Posted: 22 February 2011
    Finance,Your Home
  • Insurer uses own builders' panel to cut cost of claims
    A leading home insurance company has significantly changed the way it processes claims in order to reduce its costs but concern has been expressed...
    Date Posted: 22 February 2011
    Finance
  • Labour pledge to help struggling mortgage holders
    The Labour Party vows to introduce a two year moratorium on repossessions.
    Date Posted: 21 February 2011
    Finance,News
  • Is it too late to switch to a fixed mortgage
    Variable interest rates are on the rise and the only way to get some certainty is to switch to a fixed-rate mortgage.
    Date Posted: 21 February 2011
    Finance,Your Home
  • Increase in Households in Mortgage arrears
    More than 45,000 homeowners have now failed to pay their mortgage for three months or more. Property experts said the arrears figures were now...
    Date Posted: 18 February 2011
    News, Finance,Property
  • 30 million value put on rural site like 10 billion deal in Dublin
    A Shopkeeper who claims he was offered a "colossal" 32 million bank loan from Zurich Bank to develop a shopping centre had previously been refused...
    Date Posted: 18 February 2011
    News, Finance
  • When the bank says its time to sell your home
    Whats it like when the bank calls you in to tell you that your house has to go. One homeowner found it humiliating, intimidating and downright scary.
    Date Posted: 17 February 2011
    Finance
  • Banks altered mortgage documents
    This article looks at claims made by legal representation group, New Beginnings, that mortgage lenders are altering documents without the holders...
    Date Posted: 17 February 2011
    Finance
  • Mortgage holders face six rate hikes in a row
    Homeowners with both variable and tracker mortgages have been warned that European Central Bank interest rates will rise between five and six times...
    Date Posted: 17 February 2011
    Finance,Property,Your Home
  • Bank rate rises 'risk increase in homeless'
    BANKS RISK making people homeless and adding further vacant houses to an already struggling property market if they raise mortgage interest rates too...
    Date Posted: 16 February 2011
    Finance
  • Shock as household bills soar after big freeze
    The big freeze hit homeowners hard. Much more money was spent on utility bills than normal. Another factor that contributes to higher bills is that...
    Date Posted: 16 February 2011
    Finance,Your Home
  • Drumm had 25 bank accounts before he filed for bankruptcy
    FORMER Anglo Irish Bank boss David Drumm and his wife Lorraine had up to 25 bank accounts between them before he filed for bankruptcy in the US
    Date Posted: 15 February 2011
    Finance
  • Average NI house prices fall almost 8pc
    Average house prices in Northern Ireland fell by almost 8pc last year.
    Date Posted: 15 February 2011
    Finance,Property
  • Mortgage holders get part of debt written off
    A NUMBER of heavily indebted mortgage holders have managed to get some of their debt written off
    Date Posted: 10 February 2011
    Finance
  • Sharp increase in mortgage complaints
    COMPLAINTS about mortgages to the Financial Services Ombudsman increased significantly in the second half of last year.
    Date Posted: 09 February 2011
    Finance
  • Repossessions at all-time high but crisis to deepen
    REPOSSESSION orders granted by the courts have risen almost six-fold since the peak of the property boom.
    Date Posted: 08 February 2011
    Finance,Property
  • Breaking free from the prison of negative equity
    IRISH HOMEOWNERS trapped in negative equity may have read with envy that UK banking group Lloyds is now offering an escape route to customers with...
    Date Posted: 07 February 2011
    Finance
  • Households in big trouble as they fail to pay mortgage debt
    Repossessions set to soar as bondholders turn the screw.
    Date Posted: 04 February 2011
    Finance
  • Homeowners told hold onto their Tracker Mortgages
    A year of woe is forecast for mortgage holders but dont let banks convince you to switch from your tracker mortgage.
    Date Posted: 04 February 2011
    Finance,Your Home
  • Fixed rate mortgages axed as 1pc hike bites
    THE country's largest mortgage provider is abolishing fixed rate homeloans, leaving customers with no escape from future interest rate increases.
    Date Posted: 04 February 2011
    Finance
  • As house prices plummet, should first time buyers pounce
    House prices have fallen like a stone in the past three years. This means it now takes just over a tenth of the average income of a first time buyer...
    Date Posted: 03 February 2011
    Finance,Property
  • Permanent TSB raise mortgage rate by 1 per cent
    More bad news for Irish Homeowners as Permanent TSB increase their rates on the back of recent speculation but the big shock is that they have made...
    Date Posted: 02 February 2011
    Finance,News
  • Summer rates rise to put borrowers under pressure
    MORTGAGE holders were warned yesterday that interest rates will start rising as early as the end of the summer, in a move that will put thousands of...
    Date Posted: 01 February 2011
    Finance
  • January 2011

  • Soaring Home Insurance Costs
    HARD pressed consumers are set to be hit in the pocket yet again after insurers announced plans to raise house premiums by 15 percent
    Date Posted: 31 January 2011
    Finance,Your Home
  • State mortgage aid up five fold in four years
    THE number of people receiving state aid to pay their mortgage has jumped five fold in just four years.
    Date Posted: 31 January 2011
    Finance
  • Most affordable house prices in 25 years
    While much of the decade was all about exorbitant house prices, latest figures show prices are now at their most affordable in more than 25 years.
    Date Posted: 28 January 2011
    Finance,Property
  • Landlords in the lurch as dream goes sour
    Far from being members of a fat-cat elite, many small-time property investors say they face bankruptcy if Section 23 tax reliefs are phased out
    Date Posted: 27 January 2011
    Finance,Property
  • Bank settles action against Celtic's Neil Lennon
    BANK OF Ireland has settled its court action against Celtic football club manager Neil Lennon
    Date Posted: 26 January 2011
    Finance,News
  • Bank gave Developer 32m euro loan
    Castleblayney shopkeeper took on shopping centre project in Co Monaghan
    Date Posted: 25 January 2011
    Finance,News
  • IAVI warns over lack of mortgage lending
    A BROKEN banking system is having a crippling effect on the property market and house prices are continuing their downward spiral
    Date Posted: 25 January 2011
    Finance
  • Mortgage rates could hit 5 percent by end of year
    Rates on standard variable mortgages could hit 5 per cent by the end of the year
    Date Posted: 24 January 2011
    Finance,Your Home
  • Homeowners are under house arrest
    MANY HOMEOWNERS are finding themselves under house arrest as property prices continue to slide and increasing numbers find themselves in negative...
    Date Posted: 21 January 2011
    Finance
  • Property Investor
    When it comes to negative equity, investors have taken a big hit as many bought apartments rather than conventional starter homes
    Date Posted: 20 January 2011
    Finance,Property
  • What's a house worth now. Does anyone know
    With no national house price register available to help homeowners, working out how much your property is really worth can be tricky if not impossible
    Date Posted: 20 January 2011
    Finance,Property
  • House prices dip to 2002 levels
    HOUSE PRICES fell by 3.5 per cent in the final quarter of last year and are down 38 per cent since prices peaked at the end of 2006.
    Date Posted: 19 January 2011
    Finance,Property
  • Mortgage providers to restrict loans for homes in rural areas
    A NUMBER of mortgage providers are to curtail lending for homes in rural areas
    Date Posted: 18 January 2011
    Finance
  • Six orders granted to possess homes
    A HOME repossession case was adjourned at the High Court yesterday after a father of one of the borrowers pleaded for time to allow his daughter and...
    Date Posted: 18 January 2011
    Finance
  • Lenders expected to follow hike
    Financial lenders are expected to follow an anticipated move by Permanent TSB to hike interest rates resulting in more payment hikes for house owners
    Date Posted: 18 January 2011
    Finance
  • Permanent TSB gets ready to increase mortgage rates
    Up to 80000 homeowners will be affected and other financial institutions expected to follow suit.
    Date Posted: 17 January 2011
    Finance
  • Homeowners face rate hike as EU warns of inflation risk
    HOMEOWNERS were yesterday facing the prospect of higher mortgage payments as early as September.
    Date Posted: 14 January 2011
    Finance
  • Negative equity traps up to 300000
    Up to 300000 house owners could be trapped in negative equity resulting in them being unable to change mortgage provider to avail of a cheaper loan.
    Date Posted: 13 January 2011
    Finance
  • Banks to abolish fixed rate mortgages
    Banks and building societies are planning to abolish fixed-rate mortgages because they are too expensive for lenders to provide, according to a...
    Date Posted: 12 January 2011
    Finance,News
  • Site valuation tax to be contained in Finance Bill
    A site valuation tax, generally regarded as a precursor to a property tax, will be contained in the fothcoming Finance Bill.
    Date Posted: 10 January 2011
    Finance,News,Property
  • Mortgage holders on alert for hike
    Fears have been expressed that the European Central Bank may raise interest rates in 2011 bringing further heartache for house owners.
    Date Posted: 10 January 2011
    Finance
  • Property prices at 2002 levels
    Property prices fell back to 2002 levels in 2010, according to property reports from MyHome.ie and Sherry Fitzgerald.
    Date Posted: 05 January 2011
    Finance,News,Property
  • December 2010

  • Gannon's wife faces forced move of property to NAMA
    Property developer Gerry Gannon's wife Margaret faces the prospect of being forced to hand over millions of euro worth of properties transferred into...
    Date Posted: 22 December 2010
    Finance,News
  • Developer cant repay Anglo
    A Developer who claimed he had easy access to senior figures at Anglo Irish Bank last night revealed he is broke and cannot repay 86.5 million he...
    Date Posted: 21 December 2010
    Finance,News
  • Cold spell claims rejected by many insurers
    Thousands of homeowners could have claims for damage from the recent cold snap rejected, loss assessors have warned.
    Date Posted: 17 December 2010
    Finance,News
  • Section 23 investors 'may face bankruptcy' over tax bills
    Some Section 23 investors who bought properties with 10-year tax breaks are now facing unanticipated tax bills in the new year
    Date Posted: 16 December 2010
    Finance,Property
  • Homeowners with trackers to escape rate hikes until 2012
    Great news to end Budget week for those with tracker mortgages... The ECB look like they will hold off on making interest rate changes until 2012.
    Date Posted: 10 December 2010
    Finance
  • Stamp duty: what if I've just bought?
    If you have questions on new stamp duty rates, hopefully this article will help you out.
    Date Posted: 09 December 2010
    Finance
  • Writer unhappy with Stamp Duty change
    Many solicitors office will be busy going over recently signed contracts to see if any "modifications" can be made. However, the newly introduced...
    Date Posted: 09 December 2010
    Finance
  • Property Tax piles the pain on struggling homeowners
    1.8 million households will be hit by new property tax.
    Date Posted: 08 December 2010
    Finance,Property
  • New 1 per cent flat rate of stamp duty
    Estate agents welcome new 1 per cent flat rate stamp duty. Not so good news for first time buyers as their allowance has been abolished.
    Date Posted: 08 December 2010
    Finance,Property
  • Don't let your insurer give you the cold shoulder
    Thousands of homeowners were caught out by last January's big freeze. Make sure you are properly covered before the current conditions start to thaw...
    Date Posted: 07 December 2010
    Finance
  • To fix or not to fix?
    If you have a variable mortgage, you need to read this article.
    Date Posted: 07 December 2010
    Finance,Your Home
  • Beat the Protection Racket
    Great article which offers advice on how to SAVE MONEY on your insurance policies.
    Date Posted: 07 December 2010
    Finance
  • New measures in mortgage arrears code
    Great news for those with mortgage repayment difficulties. A new Code of Conduct has been introduced to help protect mortgage holders against their...
    Date Posted: 06 December 2010
    Finance
  • Home loans may be put in private hands
    IMF plan to shrink banks will shift loans.
    Date Posted: 06 December 2010
    Finance
  • More households to fall into arrears
    Negative equity seen as major factor causing mortgage holders to default, according to Ratings Agency Moody's. And the problem is only set to get...
    Date Posted: 03 December 2010
    Finance
  • Collapse of lending for new mortgages is gathering pace
    The amount of people taking out mortgages has reduced significantly since the height of the boom. But it is not all bad news...those that are taking...
    Date Posted: 01 December 2010
    Finance
  • UK house prices continue to fall
    House prices in the UK have fallen or remained stagnate every month for the last six months.
    Date Posted: 01 December 2010
    Finance
  • November 2010

  • Single mother's house repossessed
    In two separate cases, two women have had their homes repossessed after failure to repay mortgages.
    Date Posted: 30 November 2010
    Finance
  • Mortgage rate will rise to 5pc, predicts expert
    Thanks to the IMF bailout, banks will be 'forced' to increase interest rates on variable mortgages. This will affect 200,000 variable mortgage...
    Date Posted: 30 November 2010
    Finance
  • Up to 30,000 homeowners face repossessions next year
    This is a stark prediction from the Expert Group. 30,000 sounds excessive and it doesn't look like the Government can, or would be willing to, bail...
    Date Posted: 29 November 2010
    Finance
  • Worried over mortgage rates? Maybe it's the time to fix things
    Here is an article for the 75 per cent of mortgage holders in Ireland that don't have a fixed rate mortgage. It gives an insight into this type of...
    Date Posted: 26 November 2010
    Finance
  • Mortgage debt: 13 hard facts about owing money in Ireland
    With so many experiencing difficulties making mortgage repayments (and with the number to rise after yesterday's 4 year plan announcement), here is...
    Date Posted: 25 November 2010
    Finance
  • Homeowners complain they were cheated out of trackers
    One third of all complaints made to the ombudsman last year about banks were in relation to mortgages. The banks are swindling the public yet again....
    Date Posted: 24 November 2010
    Finance
  • Northern Ireland house prices slump to lowest level since 2005
    A Bank of Ireland - Northern Ireland Housing Executive Report has found that house prices (which had experienced a slight increase in the first half...
    Date Posted: 23 November 2010
    Finance
  • Third of mortgage holders face repayment difficulties
    A report has found that a worryingly high percentage of mortgage holders are having difficulties making repayments.
    Date Posted: 23 November 2010
    Finance
  • Mortgages may go into NAMA
    Looks like banks will transfer mortgages from their balance sheets to NAMA. In particular, tracker mortgages and those in arrears are being...
    Date Posted: 23 November 2010
    Finance
  • 300 Euro property tax to be phased in from 2012
    It looks like property tax is definitely on its way but will not be introduced until 2012. However, on a positive note, stamp duty may also be phased...
    Date Posted: 22 November 2010
    Finance,News,Property
  • Rents see slight increase
    Rents rose by almost half a percentage point during the third quarter of 2010 according to the latest report by property website Daft.ie
    Date Posted: 22 November 2010
    Finance
  • Developers could make fortunes from Nama assets
    This isn't surprising in the slightest as the main reason the Government set up Nama was to protect its friends in the development game and the...
    Date Posted: 21 November 2010
    Finance
  • Russian hope for Irish investors in Overseas Property
    Dublin firm offers advice and assistance on 'shifting' overseas property bought at height of the boom.
    Date Posted: 21 November 2010
    Finance
  • Ronan O'Gara being sued over property deal
    We blogged about this issue in September - "When completing a contract means negative equity", where we highlighted the issue of buyers entering into...
    Date Posted: 18 November 2010
    Finance, News
  • Homeowners offered delay on payments, but no bailout
    New measures to protect thousands of homeowners in mortgage arrears will be in place by the end of the year, the Financial Regulator has promised....
    Date Posted: 18 November 2010
    Finance
  • Signs of property recovery in parts of Cork and Dublin
    Savills Estate Agents claim property market is not as bad as many commentators suggest. They point to fact that the numbers of properties listed as...
    Date Posted: 17 November 2010
    Finance,Property
  • Crisis as families battle to keep homes
    The ESRI carried out a survey which has found that over 500 repossession cases appeared in the High Court in one month this year. It was also noted...
    Date Posted: 15 November 2010
    Finance
  • Billionaire investor says now is right time to give home loans
    Billionaire heads up consortium to purchase EBS, stating that his 525 million euro investment would show international markets that Ireland can...
    Date Posted: 15 November 2010
    Finance
  • Property tax could raise 1.1 billion euro
    A Property Tax would be most easily introduced if it was based on floor area, but such a tax would be unfair on lower income groups, according to a...
    Date Posted: 12 November 2010
    Finance,Property
  • Homeowners face paying 80 euro a month property tax
    The Government is putting out the feelers pre-budget, suggesting a property tax could be introduced. This would result in the average family paying...
    Date Posted: 11 November 2010
    Finance,Your Home
  • Property and Water Taxes on table for the Budget
    Property and water taxes are two easy ways the government can hit homeowners hard. The Greens had been pushing for the implementation of water meters...
    Date Posted: 09 November 2010
    Finance,Property
  • Hard-hit homeowners may 'park' part of loan
    Some good news for those in financial difficulties...proposals will be put to Brian Lenihan, enabling homeowners to freeze repayment on a substantial...
    Date Posted: 09 November 2010
    Finance
  • Revenue is using Google to snoop for swimming pools
    Big brother is definitely watching. Can't see them finding too many outdoor pools though.
    Date Posted: 08 November 2010
    Finance
  • Buy-to-let owners face losing trackers
    Worrying news for anyone who has bought an investment property. Permanent TSB will seek for mortgage holders to start paying back capital on their...
    Date Posted: 04 November 2010
    Finance,Property
  • Economist who predicted housing crash says now is time to buy
    Derek Brawn, whose book on the property market predicted the bursting of the bubble, said first-time buyers should buy now once they find a property...
    Date Posted: 03 November 2010
    Finance
  • Free legal help for struggling homeowners
    A group of barristers is aiming to bring a group class action against the banks to help those facing having their homes repossessed. They aim to help...
    Date Posted: 02 November 2010
    Finance
  • Insurance costs soar with home cover up 40 per cent
    Home insurance costs have increased dramatically in the last 3 years. Insurance companies account this to a large increase in claims (due to abnormal...
    Date Posted: 01 November 2010
    Finance
  • October 2010

  • Receivers to help reduce ghost estate oversupply
    There are less 'complete and vacant' homes available than first believed. This is good news but the numbers are still huge. The Government now hopes...
    Date Posted: 29 October 2010
    Finance
  • Survey Shows Continued Increases in Sales Activity Nationwide
    The IAVI quarter three residential property survey has just been released. The IAVI suggests that there has been a moderate increase in activity in...
    Date Posted: 27 October 2010
    Finance
  • CIF: Axe stamp duty to boost property
    Tom Parlon calls on the Government to scrap stamp duty in the forth-coming budget. He claims abolition will give the construction industry a much...
    Date Posted: 27 October 2010
    Finance,News
  • First-time buyers warned on staying out of market
    Bit of a catch 22 situation for first time buyers as mortgage advisors suggest that increases in interest rates could hit house buyers in the long...
    Date Posted: 26 October 2010
    Finance
  • Mellon selling in Kilkenny at a loss
    Niall Mellon, whose charity built thousands of houses for the poor of Cape Town, is selling his 242-acre Kilkenny estate - now worth nearly half what...
    Date Posted: 21 October 2010
    Finance,News
  • National price of houses hits 2002 levels
    The fall of 1.3pc in house prices at the end of the summer was lower than previous quarters. However, as the market remains very quiet, experts say...
    Date Posted: 21 October 2010
    Finance,News
  • Is it the right time for your first time?
    First time buyers are now the largest segment in the property market. This article talks to some first time buyers that are in the process of...
    Date Posted: 19 October 2010
    Finance,Property
  • Don't just sit there, go out and fix that mortgage
    Here's a good piece urging homeowners to switch from variable to fixed rate mortgages. One great piece of advice is to shop around. Loyalty to a...
    Date Posted: 17 October 2010
    Finance,Your Home
  • Fingleton's folly provides rich pickings for buyers
    Some good news for the taxpayer (in a way). The first 20 apartments in Michael Fingleton's development sold in hours. Because of the demand, Irish...
    Date Posted: 15 October 2010
    Finance,News
  • Mortgage and energy costs keep consumer prices high
    Consumables such as food, drink and clothing dropped significantly in the last years but on a whole consumer prices increased slightly thanks to big...
    Date Posted: 15 October 2010
    Finance
  • Calls to adopt 'NAMA for the people' initiative
    Threshold's proposal here is a bit of a pipedream. I can't see the Government even entertaining the notion of bailing out home-owners in arrears....
    Date Posted: 13 October 2010
    Finance,News
  • Changing Gas supplier? - Check out the Rates
    There are 3 Natural Gas suppliers in Ireland: Airtricity, Bord Gais and Flogas. All three companies are competing for your custom. idevelop.ie...
    Date Posted: 12 October 2010
    Finance
  • Mortgage defaulters tell court they will be homeless in 8 weeks
    This is the tragic story of two couples who appeared before the High Court yesterday who have lost their homes in possession orders. Startling fact...
    Date Posted: 12 October 2010
    Finance,News
  • Check Small print before switching power supplies
    Irish Homeowners are warned not to take all the price saving offers in the market on face value as with penalties for leaving contracts early,...
    Date Posted: 11 October 2010
    Finance,Energy
  • How to save 1,000 euro in 30 mins with a few calls
    This is a really useful article informing homeowners how they can save as much as 1,000 euro in a matter of minutes with a few phone calls, over and...
    Date Posted: 11 October 2010
    Finance
  • Warning to homeowners leaving fixed rate loan deals
    As over 6,000 Irish mortgage holders come to the end of their fixed rates they have some serious questions to ask before making any decisions about...
    Date Posted: 08 October 2010
    Finance,News
  • House prices 'plunge by a third'
    'Experts' predict thgat the property market hasn't yet bottomed out as house prices have fallen a third since the peak. And it appears houses in...
    Date Posted: 05 October 2010
    News,Finance
  • New Taxes on the way
    With a budget on the way in 2 months, speculation has inevitably turned to how the gap can be closed between Government income and expenditure. Some...
    Date Posted: 02 October 2010
    News,Finance
  • September 2010

  • Premium pains: claims make home cover difficult
    If your house is burgled, you may find it hard to get quotes to renew your home and contents insurance, according to a survey by the National...
    Date Posted: 25 September 2010
    Finance
  • Government 'can't stop mortgage hikes'
    The Government uses our money to bail out the banks...yet has no say in the control of these institutions. Responding to yesterdays report by the...
    Date Posted: 24 September 2010
    Finance
  • Banks 'fleecing' consumers with interest rates - Report
    The Financial Regulator has just issued a report shows the homeowner is still being 'punished' for the sins committed by the financial institutions...
    Date Posted: 23 September 2010
    Finance
  • Home Choice Loan an option for first-time buyers
    What do you do if you can't get a first time mortgage? Try the Government's Home Choice Loan Scheme. It's another avenue to pursue if at least two...
    Date Posted: 17 September 2010
    Finance
  • First-time buyer rules upended property pyramid
    This article looks at what sectors the banks are lending to (or not as the case appears to be - lending is down 40% compared to same period last...
    Date Posted: 16 September 2010
    Finance
  • Tracker customers in a fix as lenders alter rules.
    According to a survey carried out by the Irish Independent/Consumer Show most lenders will not allow homeowners to switch back to a tracker mortgage...
    Date Posted: 13 September 2010
    Finance
  • Facing negative equity on completion of contract
    During the property boom, buying off the plans with only a deposit looked seductive - but that was in a rising market, this article looks at the...
    Date Posted: 13 September 2010
    Finance
  • NAMA? No Way!
    Irish Developer brings in big guns to argue against transfer of his loans to NAMA
    Date Posted: 10 September 2010
    News,Finance
  • Green planning minister bids for property tax up to 600 euro
    Green Party claims Ciaran Cuffe's views on property taxation are personal and do not represent Green Party policy. Don't be surprised though if this...
    Date Posted: 06 September 2010
    Finance
  • Knock knock? Who's there . . . in the market
    Here is a pretty accurate analysis of the state of the property market in Ireland today. It highlights that the real movers in the market are...
    Date Posted: 02 September 2010
    Finance,Property
  • August 2010

  • Mortgage defaults: cut a deal with lender, or just cut and run?
    Not a nice subject to have to deal with but hopefully the advice in this article will be of some use to people who find themselves in this terrible...
    Date Posted: 30 August 2010
    Finance,Your Home
  • Is this the right time to get back into buy-to-let?
    Those considering property speculation will find this article interesting; in many cases up to 50% capital will be needed upfront with banks really...
    Date Posted: 30 August 2010
    Finance,Property
  • How can I tell if I'm overpaying on home cover?
    These days every saving can help. Pay special attention to part in this Q&A piece that states 'Insurance companies will not reduce sums insured...
    Date Posted: 26 August 2010
    Finance,Your Home
  • House Purchases Up Slightly
    It's much too early to say if this signifies the end of the housing crash especially if seasonal factors are taking into consideration. Even though...
    Date Posted: 25 August 2010
    Finance,Property
  • Fixer-upper prices fall as banks go cold
    Here is a good article if considering carrying out a refurb project. Banks are extremely unlikely to lend for renovation costs so make sure you have...
    Date Posted: 20 August 2010
    Finance
  • A Tough Sell
    Selling a house in the current market is proving a tough ask, selling a house on an unfinished development is proving to be even tougher,,,
    Date Posted: 16 August 2010
    Finance,News,Property
  • There's more good news .....
    Actually it's just news as to even describe it as being 'bad news' would probably be wildly optimistic. This week National Irish Bank and Bank of...
    Date Posted: 11 August 2010
    Finance
  • Feeling the burden of mortgage rate increases
    Following on from Permanent TSB and the EBS, Bank of Ireland (and its subsidiary ICS) plan to introduce interest hikes from tomorrow. And there could...
    Date Posted: 09 August 2010
    Finance
  • To Rent or To Buy?
    Ireland has long been a country where home ownership has been a priority. With the collapse in the property market, will we turn more to rental? For...
    Date Posted: 03 August 2010
    Finance,Property
  • July 2010

  • House prices back at 2002 levels
    Average house price now €201,000 compared to peak of €311,000. Market seems to be stabilising but may not yet be the end of fall.
    Date Posted: 29 July 2010
    Finance,Property
  • Phil Spencer's top 20 ways to add value to your home
    Here is an interesting interview taken from the Daily Telegraph. Although Phil Spencer has a brighter outlook on the UK market than I would have on...
    Date Posted: 28 July 2010
    Finance,Interior Decorating
  • Lenders warned: don't bully those on tracker mortgages
    Those fortunate enough to be on tracker mortgages need to resist pressures from lending institutes to switch to fixed rate. Lenders are losing money...
    Date Posted: 28 July 2010
    Finance
  • House price fall could be worst in history
    Irish house prices could fall by as much as 70% from their peak and rival the steepest drops ever recorded in the advanced world, a leading housing...
    Date Posted: 25 July 2010
    Finance
  • Should first-time buyers stay put a little longer
    With affordable rents, low interest rates and property prices down nationwide, first-time buyers must feel they have held out long enough. But stay...
    Date Posted: 23 July 2010
    Finance
  • IAVI Members Report Activity and Sales Increases in Q2
    Just released today, here is the quarter two survey from the Irish Auctioneers & Valuers Institute (IAVI). On a whole they suggest increases in...
    Date Posted: 22 July 2010
    Finance
  • Rent-to-buy schemes hit by NAMA
    Here is an interesting take on rent-to-buy scheme in todays Examiner just as the Government is set to consider extending the scheme to all local...
    Date Posted: 21 July 2010
    Finance,Property
  • Mortgage lenders to impose spate of rate hikes
    A STRING of lenders are going to hike interest rates on mortgages within weeks. Up to 300,000 people will be hit by the increases by the end of...
    Date Posted: 20 July 2010
    Finance
  • Buyers queue for ghost estate sale as homes go for half price
    THREE-bed homes on a half-finished ghost estate in Sligo sparked a buying frenzy when they went on sale for the bargain-basement price of...
    Date Posted: 19 July 2010
    Finance,Property
  • UK house prices not set to recover for another 10 years
    PwC research, published on Tuesday, not only puts British growth lower than the official Office of Budget Responsibility (OBR) forecast but also...
    Date Posted: 19 July 2010
    Finance,News
  • Average house prices fall 4.2%
    Irish house prices fell by 4.2 per cent in the second quarter of the year, according to a report by property website Daft.ie. Average asking...
    Date Posted: 14 July 2010
    Finance,Property
  • House prices 'to fall further 16%'
    House prices are likely to plunge by a further 16% before the bottom of the market is reached, according to Goodbody Stockbrokers. This comes as...
    Date Posted: 14 July 2010
    Finance,Property
  • House prices will keep falling
    House prices will continue to fall this year despite a return to economic growth, the Government has warned. And a report from the Department of...
    Date Posted: 13 July 2010
    Finance,Property
  • Construction drop smallest since 2007
    A survey which measures the health of the construction industry has found that activity fell in the sector again in June, but the drop was the...
    Date Posted: 12 July 2010
    Finance
  • Govt shelves Property Tax
    THE GOVERNMENT has shelved consideration of a property tax and the issue is now off the Fianna Fail-Green Party Coalition's agenda. Senior...
    Date Posted: 09 July 2010
    Finance,Property
  • Gap in asking/selling prices
    THE gap between asking prices and selling prices can be as high as 20 per cent says economist Paul Murgatroyd. There is no way for the public to...
    Date Posted: 08 July 2010
    Finance,Property
  • Bailouts are only for the banks
    THE group appointed by the Government to look at the thorny issue of mortgage arrears has been meeting regularly for four months now. Yesterday,...
    Date Posted: 07 July 2010
    Finance
  • June 2010

  • Dublin prices fall by 49%
    The results from the Sherry FitzGerald index reveal that the average price of a second-hand property in Dublin fell by 2.5% in the second quarter of...
    Date Posted: 30 June 2010
    Finance,Property
  • Switching Mortgages
    To switch mortgage options or not - that is the question in an ever-changing landscape
    Date Posted: 27 June 2010
    Finance,Your Home

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