Menu
21/02/2008
Mortgage Growth Dives
The property slowdown is hitting home: according to new statistics, the growth in household mortgages last year was the lowest for 12 years.
The details are according to the latest assessment by the Central Bank.
It said that the value of outstanding mortgages at the end of 2007 was 13.4% higher than that at the end of 2006.
This compares to a 24.2% increase over the previous 12-month period - a significant fall that is thought to reflect overall trends in the rapidly cooling housing market.
(BMcC)
The details are according to the latest assessment by the Central Bank.
It said that the value of outstanding mortgages at the end of 2007 was 13.4% higher than that at the end of 2006.
This compares to a 24.2% increase over the previous 12-month period - a significant fall that is thought to reflect overall trends in the rapidly cooling housing market.
(BMcC)
Related Irish News Stories
Click here for the latest headlines.
18 November 2015
Banks Accused Of Not Being Serious About Mortgage Switching
Fianna Fáil has accused Ireland's banks of not being serious about offering mortgage switches. The party's finance spokesperson, Michael McGrath, highlighted new figures from the Central Bank that reveal just 712 customers have been able to switch from one mortgage provider to another.
Banks Accused Of Not Being Serious About Mortgage Switching
Fianna Fáil has accused Ireland's banks of not being serious about offering mortgage switches. The party's finance spokesperson, Michael McGrath, highlighted new figures from the Central Bank that reveal just 712 customers have been able to switch from one mortgage provider to another.
13 March 2024
Translink Workers Reject Pay Offer
Translink NI workers have rejected a pay offer from the public transport company. Unite, GMB and SIPTU confirmed that their members has "decisively voted to reject as inadequate" a pay offer made by Translink management. Workers were offered a 5% pay increase and a non-consolidated one-off payment of £1,500 for the 2023-2024 financial year.
Translink Workers Reject Pay Offer
Translink NI workers have rejected a pay offer from the public transport company. Unite, GMB and SIPTU confirmed that their members has "decisively voted to reject as inadequate" a pay offer made by Translink management. Workers were offered a 5% pay increase and a non-consolidated one-off payment of £1,500 for the 2023-2024 financial year.
07 December 2010
New Rules Finalised For Mortgage Lenders
A list of new rules to curtail aggressive behaviour by mortgage lenders are to come into force in January, according to the Central Bank this morning.
New Rules Finalised For Mortgage Lenders
A list of new rules to curtail aggressive behaviour by mortgage lenders are to come into force in January, according to the Central Bank this morning.
30 April 2009
Homeowners Lose Mortgage Interest Relief
Controversy has been sparked after it emerged that mortgage relief is to be stopped from tomorrow for 57,000 people currently receiving the benefit. The entitlement is to be suspended from 1 May for everyone except first-time buyers after a Government announcement in its supplementary Budget to limit mortgage interest relief to seven years.
Homeowners Lose Mortgage Interest Relief
Controversy has been sparked after it emerged that mortgage relief is to be stopped from tomorrow for 57,000 people currently receiving the benefit. The entitlement is to be suspended from 1 May for everyone except first-time buyers after a Government announcement in its supplementary Budget to limit mortgage interest relief to seven years.
18 January 2018
Tracker Mortgage Victims Deserve 'Real Answers'
Ulster Bank's tracker mortgage victims deserve real answers as to why they are being made to wait while other banks are further advanced with their redress and compensation schemes.
Tracker Mortgage Victims Deserve 'Real Answers'
Ulster Bank's tracker mortgage victims deserve real answers as to why they are being made to wait while other banks are further advanced with their redress and compensation schemes.
-
Ireland WeatherToday:Mostly dry south and east, patchy light rain west and north through much of the day. A band of heavier rain crosses central and northern parts in the morning Maximum temperature 13 °C.Tonight:Dry in the southeast at first otherwise widespread light rain or drizzle for most, turning to clear spells and a few showers towards morning. Minimum temperature 5 °C.
