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Banks seeing a 400% increase in calls seeking financial support since the middle of March

Banks see 7,000 calls a day on mortgage payment breaks

The country's banks have seen a 400% increase in calls seeking financial support since the middle of March, new figures from Banking & Payments Federation Ireland show today.

Business • 24 Mar 20

AIB suspends the planned introduction of new current account maintenance and transactions fees

AIB suspends new quarterly current account fee

AIB has suspended the planned introduction of maintenance and transactions fees for customers who keep a minimum balance of €2,500 in their current accounts every quarter.

Business • 23 Mar 20

Outgoing Permanent TSB Jeremy Masding said the bank was on course to reach mid-single digits on its non-performing loans

Permanent TSB keeping mortgage rates under review

The chief executive of Permanent TSB has said the bank is keeping its mortgage pricing under constant review, but made no commitment on reducing rates further.

Business • 26 Feb 20

BPFI figures show the total mortgage drawdown activity for last year came to €9.5 billion - the highest value in over a decade

First time buyers continue to drive mortgage market

First time buyer activity continued to drive the mortgage market in the final three months of last year, new figures from the Banking & Payments Federation Ireland show.

Business • 29 Jan 20

New ESRI research has found some serious misunderstandings about how mortgages work

Mortgage holders benefit from advice - ESRI

The Economic and Social Research Institute has found that mortgage holders can get a better deal when they read independent advice.

Business • 10 Jan 20

The volume of loans a credit union can issue from January will now be aligned to their asset size

New lending rules for credit unions from January

The Central Bank has said it will allow credit unions undertake increased longer term lending, including home mortgage and business lending.

Business • 21 Nov 19

New ESRI research has concluded that the housing market here is not overvalued

Housing market not overvalued, says ESRI

The Economic and Social Research Institute has said the Irish housing market is not overvalued at present.

Ireland • 13 Nov 19

The average new mortgage rate across the euro area in September was 1.41%

Mortgage rates here remain way above euro area average

Interest rates on new mortgages here fell slightly in September, but remain more than twice that charged by banks across the euro area.

Business • 08 Nov 19

Permanent TSB reports a 19% increase in total new lending for the third quarter

Permanent TSB's non-performing loans ratio now below 7%

Permanent TSB says the proportion of non-performing loans on its books has reduced to below 7% following recent loan sales from a peak of 28%.

Business • 06 Nov 19

The agreement will help those struggling with mortgage debt

Vulture fund agreement offers no solutions - campaigner

The head of the Irish Mortgage Holders Association has criticised an agreement between MABS, the state backed Money and Advice and budgeting Service, and the Banking and Payments Federation on how to resolve disputes between lenders and distressed mortgage holders.

Business • 04 Nov 19

Household debt stood at €136.9 billion, or €28,186 per person, in the first quarter of 2019.

Household debt declining, but still fifth highest in EU

New figures from the Central Bank reveal that while household debt continues to decline here, it remains the fifth highest in the EU.

Business • 23 Oct 19

Only Greek mortgage interest rates were higher than Irish rates in August, new Central Bank figures show

Irish mortgage rates still higher than eurozone average

New figures from the Central Bank show that Irish mortgage holders continue to pay the second highest interest rates in the euro zone.

Business • 11 Oct 19

Ulster Bank said the move to sell off the portfolio was 'a difficult decision'

Ulster Bank sells non-performing loan portfolio

Ulster Bank has confirmed the sale of a portfolio of non-performing mortgages - both home loans and buy-to-let properties - worth about €800m to US vulture fund CarVal Investors.

Business • 08 Oct 19

Today's Bank of England figures will add to signs that household demand may be softening in the run-up to Brexit

UK consumer lending growth slows to weakest in 5 years

Lending to British consumers slowed to its weakest rate in more than five years in August, new Bank of England figures showed today.

Business • 30 Sep 19

Housing costs are moving closer to their 2007 peaks, which is putting pressure on households incomes

Household incomes struggle to finance accommodation

The pressure on household incomes to meet the cost of accommodation continues to increase as housing prices move closer to peaks reached in 2007.

Business • 11 Sep 19

For a mortgage where the loan is less than 50% of the value of the home, ICS is offering a variable rate of 2.7%

Dilosk to enter owner-occupier mortgage market

Buy-to-let mortgage provider Dilosk is to enter the owner-occupier market under the ICS brand with what it says is the lowest variable rate on the market.

Business • 03 Sep 19

The strongest growth was recorded among first-time buyers

Number of new mortgages rose in July - BPFI

The number of new mortgages approved by banks here rose markedly in July, according to the Banking and Payments Federation of Ireland.

Business • 29 Aug 19

The new fixed rate terms will be effective from Thursday, August 8

AIB's Haven introduces 7 & 10 year fixed rate mortgages

Haven Mortgages, a subsidiary of AIB, is introducing a new seven and ten year fixed interest rate for new and existing customers, in response to demands from customers for greater certainty.

Business • 08 Aug 19

Permanent TSB's chief executive Jeremy Masding

Permanent TSB signals it may cut interest rates

Permanent TSB has given an indication that it may cut its variable interest rate offering further.

Business • 25 Jul 19

First time buyers accounted for around half of the total of mortgages drawn down in the second half of 2019

Mortgage drawdowns up by 8.8% in second quarter

A total of 10,157 new mortgages to the value of €2.25 billion were drawn down by borrowers in the second quarter of the year.

Business • 24 Jul 19

Housing commencements rose by 31.6% in the first quarter of 2019

Housing commencements rose by over 31% in Q1

New figures today show that the number of housing commencements rose by 31.6% in the first quarter of the year compared with the same time last year.

Business • 06 Jun 19

The number of mortgages given to investors - for buy-to-let properties - fell in April

Mortgage approvals rise by 9.5% in April - BPFI

New figures from the Banking and Payments Federation Ireland show that just over 4,100 mortgages were approved in April.

Business • 28 May 19

Nationwide has reported annual pre-tax profits of £833m, down from £977m the previous year

Nationwide profits fall on IT spending, mortgages

Britain's Nationwide Building Society today reported a 15% fall in profits for the year to April 4, as intense competition in the home lending market and increased spending on digital banking services ate into its margins.

Business • 21 May 19

Tesco Bank said it will stop new lending and seek to sell its existing portfolio of home loans

Tesco Bank to stop mortgage lending due to competition

Tesco said it will stop mortgage lending at its banking business due to tough market conditions, as rival lender Nationwide Building Society reported a drop in profit margins.