Property & Mortgages

Banks warned over cashback mortgage deals

However, in a lengthy report into the sector, the Competition and Consumer Protection Commission (CCPC), which is chaired is Isolde Goggin, effectively found that banks’ difficulty repossessing homes after a default is a significant factor in the high cost of Irish credit. The report was commissioned because mortgage interest costs here are the highest in Europe. Among its findings, the ...

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CoreLogic Reports Mortgage Delinquencies Dropped to a 10-Year Low in March 2017

IRVINE, Calif.–(BUSINESS WIRE)–CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report which shows that, nationally, 4.4 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in March 2017. This represents a 0.8 percentage point decline in the overall ...

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Watchdog launches probe into competition in mortgage market

It has raised concerns over the fact that variable rates here are among the highest in the eurozone. The home-loan lending market in this country was highly concentrated, the Competition and Consumer Protection Commission said in a new report. Just three banks have an 80pc share of mortgage lending, the commission states, quoting Central Bank research. Although they are not ...

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Are you trying to tough it out in the buy-to-let market? It’s a tough nut to crack

‘A new €200m buy-to-let mortgage fund launched last month targets property investors looking to either buy into the market or refinance their investment properties.’ As far as investments go, buy-to-let property might seem attractive at first glance if you have the funds, but the crisis in the rental property market – along with competition for the few opportunities that exist ...

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