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Showing all blog posts filed under Mortgages & Money

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...

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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...

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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,...

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15

Aug

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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...

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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...

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29

Apr

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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...

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21

Mar

Market moves slowly in right direction

Posted on 21st March 2013  |   Add a comment

Market moves slowly in right direction

Sales activity continued to increase last month and price falls continued to ease, according to the latest RICS and Ulster Bank Northern Ireland Housing Market Survey. A net balance of minus 13% of surveyors said that prices fell in the three months to the end of February (28% saying prices were lower, 56% saying they remained the same, and 16% saying...

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14

Mar

Bank making mortgages accessible

Posted on 14th March 2013  |   Add a comment

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