Search Results for 'Mortgage'

The Galway property market is continuing to experience a significant shortage in supply, particularly impacting first-time buyers seeking homes in the city area. Local real estate agent Deirdre D’Arcy, of DNG Maxwell, Heaslip & Leonard sees first-hand the current challenges facing prospective homeowners. The growing demand for housing in Galway, coupled with limited supply, has created a competitive landscape, especially for those entering the market for the first time. "The lack of available properties in the city area is putting immense pressure on first-time buyers, many of whom are struggling to secure suitable homes within their budget," she said.

Ahead of a significant pick-up in switching activity which is expected in the coming months, borrowers are being urged to weigh up their mortgage options carefully and to compare the long-term costs of mortgages across the market so they get the best deal when moving to another lender or staying with their existing one.

Commenting on the recent ECB decision to keep interest rates unchanged, Brokers Ireland said even when the move to reduce the rate begins there is still a 'rocky road' ahead for many mortgage holders.

New mortgage lender MoCo, has been revolutionising the nation's home-loan markets by announcing that it would be prepared to issue mortgages that people can pay off until age 80.

In the past 12 months, DNG Maxwell Heaslip and Leonard’s Residential Sales division had another promising and positive year, listing circa 230 properties across Galway city and county. With 92 per cent selling in the first four weeks of going to the market and over 60 per cent of them achieving figures above their initial guide prices, the residential property market in Galway continued to show a positive and steady growth.

Most homeowners in Ireland are very security conscious in their homes, with many having a range of security features in place to better protect themselves and their properties.

Commenting on the recent Daft.ie Q4 House Price Report, IPAV, the Institute of Professional Auctioneers & Valuers, said the results broadly concur with those reported by IPAV auctioneers which indicate that prices have picked up again in the latter quarter of 2023.

In the past 12 months, DNG Maxwell Heaslip and Leonard’s residential sales division has had another promising and positive year, listing circa 230 properties across Galway city and county. With 92 per cent selling in the first four weeks of going to the market and more than 60 per cent of them achieving figures above their initial guide prices, they continue to show why they are the leading agents in the west of Ireland.

Many homeowners who believe that their policies provide adequate cover are subsequently discovering that they are underinsured – according to Bank of Ireland Insurance Services.

Responding to the recent Central Bank Retail Interest Rates publication for August showing Ireland with a weighted average interest rate on new mortgages of 4.10%, up 146 basis points in a year, and close to the euro area average which is 0.15% lower, Brokers Ireland said those taking out mortgages need to consider their options very carefully.