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

Showing all blog posts filed under Mortgages & Money

15

Dec

Interest rates may rise quicker than expected

Posted on 15th December 2015  |   Add a comment

Interest rates may rise quicker than expected

Interest rates could rise more quickly than forecast in November's Inflation Report, a Bank of England official has said. But Minouche Shafik, deputy governor for markets and banking and a member of the Monetary Policy Committee, which sets rates, added that she will wait for wage growth to increase before voting for an increase. In a speech at the Institute of...

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24

Nov

Top tips for first time buyers by Progressive Building Society

Posted on 24th November 2015  |   Add a comment

Top tips for first time buyers by Progressive Building Society

Buying your first home is a very exciting time, and is likely to involve some of the biggest financial decisions you will ever make. This week, Progressive Deputy Chief Executive & Finance Director Michael Boyd shares his top tips for first time buyers 1. Assess your finances – The first step in the process is assessing what size of a mortgage...

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18

Sep

Province likely to share in the UK mortgage frenzy during rush for deals

Posted on 18th September 2015  |   Add a comment

Province likely to share in the UK mortgage frenzy during rush for deals

Northern Ireland is likely to be sharing in a UK mortgage bonanza which took hold in August, with figures at their highest for that month since 2007, the Council of Mortgage Lenders (CML) has said. A rush of people looking to snap up cheap re-mortgage deals over the summer, as well as people buying homes, contributed to the strong figure. And a...

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27

Aug

Mortgage lending down 9% but confidence is still high

Posted on 27th August 2015  |   Add a comment

Mortgage lending down 9% but confidence is still high

Northern Ireland mortgage lending was down 9% in the second quarter of this year compared to the same period in 2014, according to figures from the Council of Mortgage Lenders (CML). Mortgage deals were up 11% to 3,000 during the second quarter of the year compared to the first three months of 2015. The CML said that was due to the usual...

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3

Jun

Number of mortgage approvals leaps to a 14-month high

Posted on 3rd June 2015  |   Add a comment

Number of mortgage approvals leaps to a 14-month high

The number of mortgage approvals made to home buyers jumped to a 14-month high in April, Bank of England figures show. Some 68,076 mortgages for house purchase with a total value of £11.1bn got the green light in April, marking the highest number recorded since February 2014. The latest figures in the Bank's Money and Credit report add to evidence that the...

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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...

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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...

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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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