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Rebound of Residential Construction in Ireland

Following the end of lockdown restrictions on the building sector in Ireland back in April, home construction has been on a strong rebound. According to the most recent GeoView Residential Buildings Report, almost 19,000 houses were under construction throughout June. This figure is a 38.4 percent increase from the previous year.  The CEO of GeoDirectory, …

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ESB Makes Cuts To Mortgage Rates

Many EBS customers will be able to save on their current mortgages after an announcement from the building society made a statement that the company will be cutting its three- and five-year mortgages by 0.15 percent. The new rate came into effect last Thursday. EBS is a financial institution of Ireland that services over 400,000 …

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New Green Mortgages Offered By AIB

AIB’s broker-focused section recently introduced a green mortgage that offers competitively low rates, one of the lowest out there. The four-year fixed rate by Haven is set at 2.15 percent. Both existing and new homeowners can take advantage of this new offering. Further, the rate is acceptable regardless of the loan-to-value ratio.  In typical situations, …

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5 Simple Steps to Begin the Mortgage Application Process

With technology provided by OnlineApplication.io, beginning a mortgage application is easier than ever before. In only five simple steps, your customers will be able to start an application online, making the experience more efficient for all. 1. What Best Describes You? The first question the program poses is ‘what best describes you?’ The customer will …

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What is Considered an ‘Affordable Home’ in Ireland?

To remedy the growing housing crisis for first-time homebuyers, the government has established the Affordable Housing Scheme. In practice, the plan engages state support for aspiring homebuyers that are not able to receive the full mortgage they would need on their own. However, in May of 2021, a limit was set at €450,000 for both Dublin …

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Manchester’s Rise on the Global Fintech Index

Manchester has proven to be a prime location for fintech startups with a ranking in the Top 50 on the Global Fintech Index (GFI). This ranking system categorizes cities based on the success of individual firms located within and the ecosystem more broadly. In 2021, Manchester climbed to the 34th place globally, which is up …

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Central Bank is Urged to Release Review on Mortgage Lending Rules

Táinaste Leo Varadkar urged the Central Bank to release its review on mortgage lending regulations as quickly as possible. These regulations were initially put in place to stabilize the system following a financial crash and to prevent any future banking crises. Currently, these regulations broadly limit the total borrowing to 3.5 times an individual’s income, …

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Important Questions to Ask Your Mortgage Lender

Mortgage lenders are there to help you as much as they can and meet your needs to the best of their abilities. Knowing what questions to ask will help you decide which lender to choose from.    Which type of mortgage is best for me? Having a conversation with your lender about your credit score, …

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Mortgage Lenders in Ireland Today

In Ireland today, there are 10 mortgage lenders: Allied Irish Banks (AIB), Avant Money, Bank of Ireland (BOI), EBS, Finance Ireland, Haven, ICS Mortgages, KBC Bank Ireland, PermanentTSB, and Ulster Bank. Each one of these lenders is a financial institution that offers home loans to aspiring home buyers. When choosing the institution that fits your …

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