Search Results for 'Banking and Payments Federation Ireland'

First-time buyers availing of the government’s two main help-to-buy schemes dominated the Irish mortgage market last year, accounting for 61 percent of the transactions, a new report by the Banking and Payments Federation Ireland (BPFI) has indicated.

First-time buyers availing of the government’s two main help-to-buy schemes dominated the Irish mortgage market last year, accounting for 61 per cent of the transactions, a new report by the Banking and Payments Federation Ireland (BPFI) has indicated.

Responding to the most recent Central Bank Retail Interest Rates for December 2021, Brokers Ireland warned that home owners are very likely to be close to, if not at the bottom of the low interest rate cycle and the window of opportunity to avail of the best mortgage rates may be beginning to close.

Commenting on the most recent Central Bank Retail Interest Rates publication for February, Brokers Ireland said the increase in the volume of new mortgage agreements of seven percent year-on-year in February and particularly the 23 percent increase month-on-month between January and February 2021 reflects the increasing demand for mortgages, despite the ongoing pandemic.

Commenting on the most recent CSO Residential Property Price Index for March, IPAV, the Institute of Professional Auctioneers and Valuers, said there is little evidence so far of the impact of COVID-19 on the market.

With National Fraud Awareness Week (September 23-29) imminent and people becoming increasingly alert to the threat of bank fraud, identity theft and online scams, the Banking and Payments Federation Ireland (BPFI) will be bringing its new FraudSMART Clinic to Athlone for the first time next month.

Commenting on recent Central Bank figures indicating a growth in net lending for mortgages, Brokers Ireland said such figures indicate the state of banking rather than charting what is actually happening with consumers.

The residential property market is always a hot topic in Ireland, and 2018 did not disappoint in providing many talking points in Galway and across the country.

Responding to the recent Banking and Payments Federation Ireland mortgage drawdowns for the second quarter of 2018, Brokers Ireland have stated that the standout figure is a 95.5 percent year-on-year increase in the volume of re-mortgaging/switching, indicating that Irish consumers are getting the message there is value to be had in switching.

Brokers Ireland says Central Bank mortgage rules should not differentiate between first and subsequent buyers.