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WebSoaring oil price fuels interest rate rise fears
4+ hour, 21+ min ago (341+ words) Andrew Bailey yesterday warned of instability 'for the foreseeable future' after renewed Middle East hostilities sent oil prices soaring and stoked interest rate hike fears, writes John-Paul Ford Rojas. The Bank of England governor told MPs on the Treasury select…...
First-time buyers make up 60% of new mortgage approvals
2+ week, 5+ day ago (179+ words) First-time buyers make up almost 60% of new mortgage approvals, showing there is still ‘massive demand’ to buy a home. Of almost 5,700 mortgages approved by banks and other lenders in May, first-time buyers were approved for 3,361. Mover-purchasers accounted for 1,044, just over…...
‘Caution’ slows house price rises
2+ week, 5+ day ago (319+ words) House price rises are cooling across the country, according to the latest residential market review. The average price of resale homes outside Dublin rose by 2.9% in the first six months of the year, property agent DNG’s national price gauge shows....
UK property market to ‘slow down on recession fears’
1+ mon, 7+ hour ago (364+ words) The UK property market is set to slow as Britain “flirts with recession” and households face a £2,500 jump in mortgage costs, experts have warned, writes Hugo Duncan. In a gloomy report, the Item Club said it expects house prices to…...
€3.2bn first-time buyer boom in new mortgages
1+ mon, 2+ week ago (490+ words) First-time buyer mortgage approvals have reached record levels backed up by a boom in Help to Buy applications, new figures show. There were nearly 10,000 first-time buyer mortgages approved in the first four months of the year, worth a total of…...
Mortgage rates stable in February as gap to eurozone narrows
3+ mon, 6+ day ago (399+ words) Interest rates on new mortgage agreements rose marginally to an average of 3.51% in February, new Central Bank figures show. Over the past year, mortgage rates have fallen 28 basis points. Ireland has the seventh-highest mortgage rates in the eurozone, the area…...
Central Bank amends mortgage rules for short-term bridging loans
3+ mon, 1+ week ago (316+ words) Certain principal home bridging loans will be exempt from Central Bank loan-to-income (LTI) limits under amendments to the financial regulator's mortgage rules. Loan-to-value (LTV) limits will continue to apply to home bridging loans, and all other elements of the mortgage…...
Updated mortgage rules to help homeowners seeking to 'rightsize"
3+ mon, 1+ week ago (241+ words) Homeowners seeking to “rightsize” into smaller, more manageable properties are set to benefit from updated mortgage rules due to come into effect in the coming weeks. Tánaiste and Minister for Finance Simon Harris has formally backed proposed reforms by the…...
Soaring oil prices dent interest rate cut hopes
4+ mon, 1+ week ago (233+ words) The surge in oil and gas prices has dented hopes of further interest rate cuts, delivering a bruising setback for millions of borrowers, writes Hugo Duncan. Investors aggressively trimmed bets on another rate cut this month as soaring energy costs…...
HBFI loan approvals rise 25% as demand from SME builders remains strong
5+ mon, 2+ week ago (457+ words) Home Building Finance Ireland (HBFI) increased total loan approvals by 25% in 2025 to €3.323bn, as demand remained strong for its State-backed funding among homebuilders, particularly small and medium-sized firms. The Government-established lender, which was created to address financing gaps in residential construction,…...