Mortgages Archives - LSL Auctions News

Home loans under pressure with interest rate hikes

Just as the latest figures show that home loans in Ireland continue to be the most expensive in Europe, mortgage holders have been warned that we are just months away from interest rate rises. The high cost of mortgages in the country remains, despite the fact that there was no change in the average rate in February. A it stands, borrowers are typically paying around €2,200 a year more than…

Central Bank lending limits credit unions mortgages

Central Bank cautions against calls for extra lending capacity for mortgages

Lending limits are “not the barrier” to more credit unions offering mortgages says the regulator of credit unions at the Central Bank, who has cautioned the sector against calls for further capacity. This was heard at the recent Irish League of Credit Unions’ (ILCU) 2022 annual conference in Belfast where Patrick Casey, the registrar of credit unions at the Central Bank, made the comments. This past March it commented that lending…

Capital market rate movements result in fixed interest climb at ICS Mortgages

Changes have been introduced to ICS Mortgages new fixed rate applications. It has upped its fixed mortgage interest rates for owner occupier mortgages with immediate effect. Chief commercial officer Ray McMahon explained that the increases “reflect the significant upward pressure on the cost of financing fixed interest rate products in the international markets. This is a result of considerable rate movements in capital markets due to inflationary pressures being felt across…