Search Results for 'Reverse mortgage'

Older homeowners can now apply to borrow against the value of their home to free-up cash for a more comfortable retirement.

While welcoming the changes to be made to the Central Bank macroprudential mortgage rules, IPAV, the Institute of Professional Auctioneers & Valuers, said they do not go far enough, especially for wage earners on under €60,000.

As average property prices rise to €250,749 and monthly rent hits €1,222 in Westmeath, 50% of people in Ireland believe mortgage or rent will be the biggest lifetime cost

Responding to the most recent Daft.ie Rent Price Report for Q2 2021 IPAV, the Institute of Professional Auctioneers and Valuers, said the latest report highlights yet again that it is only in the two most expensive areas in which to buy property, Dublin 4 and Dublin 6, that repaying a mortgage on a three-bedroom home is more expensive than paying rent, and at that it is only marginally so.

The mortgage payment break already in place for local authority home loan borrowers will be extended for those continuing to face difficulties due to the Covid-19 emergency, Fine Gael TD Alan Dillon has said.