The company, which was set up in August of this year, will fund the housebuilding from funds raised on the stock markets in Dublin and London. It is expected that joining the stock market will allow the company, whose chairman John Mulcahy is a former senior official with the National Asset Management Agency, to raise €550m in investment funds. Justin ...
Read More »Property & Mortgages
AIB homes deal: a new dawn for struggling borrowers or unfair help?
‘The not-for-profit iCare mortgage to rent scheme – which will also be available to EBS and Haven customers – is a three-way agreement between the bank, Hall’s Irish Mortgage Holders Association (which will act on behalf of the homeowner) and iCare’ (stock photo) AIB homes deal: a new dawn for struggling borrowers or unfair help? Independent.ie David Hall has a ...
Read More »Rental properties can make good investments, but they come with risk
Rent prices tend to rise over time, providing an inflation-protected income into your retirement years. You also might be able to cash in big later if the unit’s value increases. It doesn’t always work out that way, though. Some landlords wind up with a trashed property after evicting a tenant or lose their savings in a natural disaster. In between ...
Read More »Renters paying twice as much as mortgage holders
Average rents across Ireland rose 2.8pc in the last quarter and are now €1,017.15. In comparison, a 25 year mortgage on the average three bed semi detached house costing €211,843 works out at €969 per month at current rates, according to a survey carried out by the national Real Estate Alliance Group. According to the Irish Independent, estate agents are ...
Read More »To realise that having your own castle might be an impossibility is a bitter pill to swallow
Being 35 or under would be of benefit to those looking for a lengthy relationship. And let’s be clear that this is not the place a casual fling – not that there will be any romance involved, either. Instead, my matches will be bringing people together for the sole purpose of house purchasing. Forget arranged marriages, I intend to usher ...
Read More »Timeline: Ten years of chaos
2008 Even before the stock market crash of September, the writing seems to be on the wall for Irish property. The days of housing developments selling direct from plans are already consigned to history and much of the media commentary is about slowdown. When it arrives in the autumn, the global crash is nothing short of a hammer-blow. Much of ...
Read More »It’s hard to believe we have ended up like this…
They planned to have their own home – a family. The hopes and aspirations of every young couple. That was May 2015. More than two years later, they are still renting, still looking for a home – and so many aspects of their lives are still on hold. David has worked as an accountant for the last 13 years, Jennifer ...
Read More »Mortgage for life: Thousands will have to pay mortgages well into their retirement
Stock picture Mortgage for life: Thousands will have to pay mortgages well into their retirement Independent.ie Thousands of people face being caught in a “mortgage for life” trap where they must still pay off their home loan after retirement. http://www.independent.ie/business/personal-finance/property-mortgages/mortgage-for-life-thousands-will-have-to-pay-mortgages-well-into-their-retirement-36157537.html http://www.independent.ie/incoming/article36118851.ece/8a9e2/AUTOCROP/h342/estate%20agents%20property.jpg Email Thousands of people face being caught in a “mortgage for life” trap where they must still pay off ...
Read More »Thousands will have to pay mortgages well into their retirement
Stock picture Thousands will have to pay mortgages well into their retirement Independent.ie Thousands of people face being caught in a “mortgage for life” trap where they must still pay off their home loan after retirement. http://www.independent.ie/business/personal-finance/property-mortgages/thousands-will-have-to-pay-mortgages-well-into-their-retirement-36157537.html http://www.independent.ie/incoming/article36118851.ece/8a9e2/AUTOCROP/h342/estate%20agents%20property.jpg Email Thousands of people face being caught in a “mortgage for life” trap where they must still pay off their home loan ...
Read More »Branch Banking and Trust Company v. DMSI, LLC – The Recorder
Branch Banking and Trust Company v. DMSI, LLCThe RecorderSee, e.g., Restatement (Third) of Property: Mortgages § 8.4, Reporters’ Note to cmt. a (“Several states continue to adhere to the common-law rule that when a foreclosure sale does not yield at least the amount of the mortgage obligation, the mortgagee … and more »
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