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Permanent TSB Acquiring Billions from Ulster Bank

Permanent TSB is planning to acquire €7.6 billion in mortgages and small business loans from Ulster Bank as part of the Bank’s phased departure from the Republic of Ireland. While this is only a portion of the €22 billion deposit book, this acquisition can turn Permanent TSB into a major player in the lending industry. …

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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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Respond Delivers Social Homes in Cork

Amid the height of the pandemic in 2020, Respond was successful in providing 132 new affordable homes in Cork. According to statements found on Respond’s website, it is an Irish non-for-profit housing association that seeks to create homes for social investment instead of financial gain. Another of its goals is to supply homes to those …

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Digital Transformation of the Technology Industry

Digital transformation is the processes and activities companies are taking on to use digital means and technology to impact their organization model as their goals align with the efficiency, speed, and automation of all tedious processes. In every industry, there is a run towards the most agile, profitable, competitive, sustainable, scalable, and valuable technology that …

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How People in Ireland handle their Finances

In Ireland, people tend to handle their finances quite differently from people in the states. 70-75% of people in Ireland state that they don’t feel technologically savvy and don’t know how to handle their finances properly or even talk about how they spend their finances. There is a level of discomfort in Ireland when it …

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Rebuilding Ireland Home Loan Program Set to Increase Income Cap

The Rebuilding Ireland Home Loan program will be increasing the income limits for those that qualify. Rebuilding Ireland Home Loan is a government-backed mortgage for first-time homebuyers. The program was established in 2018 so these first-time homebuyers could get a mortgage after being denied from private lenders and banks. These loans can go towards new, …

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How to Apply for a Mortgage

Navigating the mortgage loan process can be stressful and sometimes overwhelming. If you are a first time home buyer or have never applied for a mortgage loan online, things may feel complicated before starting. Here are some tips to note when navigating through this process. Things to do Prior to Filling out the Mortgage application …

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Industry Leaders and Advice on How to Overcome Challenges

As Fintech is transforming on a day to day basis there is a higher need for industry leader advice to assess the current and future trends which have been identified by the industry. This has informed aspiring fintech startups and leaders to consolidate views and opinions on the industry in order to have a stronger …

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What Effect Are Cuckoo Funds Having of Ireland’s Housing Market?

Since 2018, cuckoo funds have bought greater than €6.2 billion worth of homes in Ireland according to JLL. Cuckoo funds are more officially titled Private Rented Sector (PRS) funds, which are supported by institutional investors such as pension funds. Cuckoo funds occur when these investors buy up a whole section of apartments, immediately from the …

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