Keeping you up to date with the latest news and opinions from the NI property market

Showing all blog posts filed under Mortgages & Money

18

May

Money matters: What's to gain with long-term mortgage?

Posted on 18th May 2015  |   Add a comment

Money matters: What's to gain with long-term mortgage?

Should you be fixing your mortgage for the next decade? A new market-leading low rate - less than 3% for 10 years - was launched this week by the Woolwich. With that offer, the mortgage lender, part of Barclays, has put the focus back on longer deals. But is it a good idea to lock yourself into a loan for such...

Read more
house icon

8

Jan

Barclays in mortgage rate move

Posted on 8th January 2015  |   Add a comment

Barclays in mortgage rate move

Competition to attract home owners looking to take shelter from interest rate rises for the next decade has intensified, with a bank launching the lowest 10-year fixed mortgage rate that experts have ever seen. From today, Barclays will cut the rate on a 10-year mortgage deal it is offering from 3.45% to 2.99%. Borrowers will need a deposit or equity of...

Read more
house icon

26

Sep

Home-owners in negative equity may be able to move on

Posted on 26th September 2014  |   Add a comment

Home-owners in negative equity may be able to move on

Home-owners in negative equity may, in certain circumstances, still be able to get a mortgage and move to a new property, according to Siobhan McAleer, Managing Director of the Mortgage Shop, Northern Ireland’s largest independent mortgage broker. Recent figures from the Northern Ireland Court Service showed that the number of repossessions in the province has fallen this year both in terms...

Read more
house icon

21

Oct

Kennedy launches New ‘Dirty Dozen’ leaflet to help combat blockages

Posted on 21st October 2013  |   Add a comment

Kennedy launches New ‘Dirty Dozen’ leaflet to help combat blockages

Regional Development Minister, Danny Kennedy MLA and interim Chief Executive of NI Water, Sara Venning, launched a new leaflet as part of NI Water’s package of measures to combat the ‘Dirty Dozen’ and keep our sewers clear.  The ‘Dirty Dozen’ are the twelve most common items the public flush and dump down our sewers.  Top of the list is the innocent...

Read more
house icon

28

Aug

Progressive supports second time buyers with new mortgage launch

Posted on 28th August 2013  |   Add a comment

Progressive supports second time buyers with new mortgage launch

Northern Ireland’s largest locally-owned financial institution, Progressive Building Society, has announced the launch of a new 2 year variable discount rate mortgage. Progressive has released the product to meet growing demand for second time buyer mortgages. The building society is seeing signs of an increase in the number of people across Northern Ireland who are planning to move to their next home,...

Read more
house icon

15

Aug

house icon

8

Aug

Bank governor reveals interest rates to stay low until unemployment falls

Posted on 8th August 2013  |   Add a comment

Bank governor reveals interest rates to stay low until unemployment falls

Bank of England Governor Mark Carney is expected to set out his long-awaited strategy for interest rates with a set of policies designed to reassure borrowers that rates will stay low for many months to come. The new governor is set to outline a plan for ‘forward guidance', the centrepiece of his reforms to UK monetary policy in the Bank of...

Read more
house icon

8

Aug

Need for instant money forcing more people to sell up at the end of career

Posted on 8th August 2013  |   Add a comment

Need for instant money forcing more people to sell up at the end of career

Retirees turning their back on the housing market in the pursuit of ready cash to settle debts are paying the price in accommodation costs, the latest figures suggest. The number of older people living in owned or mortgaged property has dropped from 74.3% of retirees in the 2011 census to 73% in 2013, according to the Office for National Statistics (ONS). One...

Read more
house icon

29

Apr

house icon

21

Mar

First-time buyers are back in action as lending reaches highest level since 2008

Posted on 21st March 2013  |   Add a comment

First-time buyers are back in action as lending reaches highest level since 2008

House purchase lending recorded its highest January total since 2008, according to new data released by the Council of Mortgage Lenders. Despite a seasonal monthly fall, lending increased by 11% compared to January last year. First-time buyer and home mover activity rose compared to January last year, while re-mortgage lending was still 23% lower than at the start of 2012. A total...

Read more
house icon

Follow

Search

Categories

Archive

Subscribe

Part of the Independent News and Media group