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

Showing all blog posts filed under Mortgages & Money

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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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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