Gross mortgage lending totaled an estimated £18.7 billion in October, almost 7% higher than what was an admittedly weak £17.5 billion lent in September according to new figures from the Council of Mortgage Lenders.
Rents have hit their lowest level since August 2006 according to the latest rental report from property website Daft.ie.
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Bank of Scotland (Ireland) and its retail banking arm Halifax will pass on the full 0.50% ECB rate cut announced to mortgage borrowers.
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National Irish Bank has announced a new variable rate LTV Mortgage offer for new customers, which will offer some what it says are some ‘of the most competitive mortgage rates on the market’.
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Asking prices continue on a downward trend with an average fall of 3.8% across the country in the past 3 months, according to the latest report published by the property website Daft.ie.
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Bank of Scotland (Ireland) and its retail banking arm Halifax will pass on the full 0.5% ECB rate cut announced to mortgage borrowers.
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AIB is cutting its 2 year fixed mortgage rate by 0.55% to 5.20% and its 3 year fixed mortgage rate from 0.25% to 5.20%.
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Nationwide Building Society has announced that it is putting plans in place to operate in the Irish Republic.
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After raising interest rates in early July, the European Central Bank indicated that rates were unlikely to change further anytime soon, IIB Bank has said.
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The President of the European Central Bank, Jean-Claude Trichet has said that the current economic problems being experienced in Ireland as well as in Spain and Portugal will not distract the bank for it’s economic policy.
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AIB has announced changes to its lending and deposit rates, which follows the ECB interest rate increase of 0.25% which was announced on 3rd July 2008.
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