News | Latest Breaking News Stories & Headlines

"International capital goes where its welcome and it stays where it's well treated and it wants to see consistency" - Brian Hayes, BPFI

First time buyer homes and mortgages rise significantly

One in three first time buyer (FTB) homes were valued over €400,000 in 2024, three times the 2019 share, according to the latest BPFI mortgage report

Business • 20 Jun

ILCU CEO David Malone said its members mortgage lending is expected to reach €1bn in the near future

ILCU loan book passes €6bn for first time since 2008

The combined loan book of Irish League of Credit Unions members surpassed €6 billion by the end of March.

Business • 17 Jun

Avant Money cuts mortgage rate below 3%

Avant Money has announced interest rate reductions on its new Flex Mortgage product, with rates now starting from just 2.98%.

Business • 05 Jun

PTSB said the new rates will come into effect from January 17 and be available to both new and existing personal customers.

PTSB latest lender to cut fixed mortgage rates

PTSB said it will make "significant" reductions of between 0.15% and 0.95% to its personal fixed-rate mortgage products.

Business • 15 Jan

Home mover mortgage values are also at a record high, with an average of €329,873

Average mortgage for first-time buyer hits high of €290k

The average mortgage value for a first time buyer has hit a record high of just under €290,000, new data shows.

Business • 20 Dec 24

AIB Group has already cut a number of its mortgage rates this year

AIB launches new 3-year fixed mortgage rate of 3%

AIB has launched a new green mortgage product with interest rates starting at 3%, the bank's lowest on offer.

Business • 25 Oct 24

The Mortgage Arrears Review Group was set up in October of last year

Report recommends forum to tackle mortgage arrears issue

A new Government commissioned report has called for the establishment of a forum of senior representatives from departments and bodies to focus on further reducing mortgage arrears.

Business • 03 Sep 24

Doddl says homeowners could save as much as €602 per month by securing the lowest rate

Some mortgage holders to face big rate hikes this year

Thousands of mortgage holders who have their loans with non-bank lenders could be set to be see their mortgage rates leap by as much as 3.5 percentage points later this year.

Business • 26 Aug 24

Mortgages now make up nearly 10% of the total credit union loan book.

Mortgages make up 10% of credit union loan book - ILCU

Mortgage lending at credit unions increased by 10% to €518 million in the three months to the end of June.

Business • 20 Aug 24

New CSO figures show that households with children spent on average €16.23 a week on takeaways compared with €3.36 for one adult households in 2022-2023

Average weekly household spending exceeded €1,000 - CSO

New figures from the Central Statistics Office reveal that the average weekly household spending exceeded €1,000 in 2022-2023.

Business • 01 Aug 24

Tracker mortgage customers are the only definite beneficiaries of the ECB's rate cut

ECB cuts rates: What does it mean for you?

The ECB rate cut will be welcome news for some borrowers, but it will take weeks before there's any indication as to whether others will benefit, writes Adam Maguire.

Ireland • 06 Jun 24

Christine Lagarde told a press conference there would be 'bumps on the road'

Timing of future ECB interest rate cuts 'uncertain'

The timing and speed of the path of future rate cuts is "very uncertain", according to European Central Bank President Christine Lagarde, after the central bank started lowering borrowing costs from record highs.

Ireland • 07 Jun 24

The European Central Bank is set to cut interest rates at its meeting tomorrow

Harris urges banks to pass on interest rate cuts quickly

The Taoiseach has called on banks to pass on any interest rate cuts to customers "as quickly as possible".

Business • 05 Jun 24

One of the main benefits of making extra payments on your mortgage is reducing the amount of interest you'll pay over the term

How overpaying your mortgage could save you thousands

Paying off your mortgage early could save you thousands and help you to become debt free at a younger age.

Business • 27 Apr 24

Policymakers kept rates unchanged yesterday

Tracker mortgage holders can look forward to rate cuts

The European Central Bank was the last of the big central banks to start raising interest rates and it is on track to be the first to start cutting rates.

Business • 12 Apr 24

The cuts will be implemented from tomorrow

AIB, EBS and Haven cut fixed Green mortgage rates by 0.2%

AIB and affiliates EBS and Haven are cutting the fixed rates on their "Green Mortgages" by 0.2%.

Business • 08 Apr 24

The ECB is narrowing the spread between its refinancing and its deposit rates

0.35% rate cut likely for tracker mortgages in September

The holders of tracker mortgages in Ireland look set to benefit from a 0.35% reduction in their interest rates in September.

Business • 15 Mar 24

Fixed rate customers have been insulated from ECB rate hikes - but those at the end of their term will face a jump in costs

Thousands facing mortgage bill hike as fixed terms end

Tens of thousands of mortgage customers are facing a jump in their repayments in the coming months that many will struggle to avoid, writes Adam Maguire.

Business • 24 Feb 24

The error dates back in some cases to August 2022

2,500 Pepper customers face repayment jump due to error

Up to 2,500 mortgage holders whose loans are serviced by Pepper Advantage Ireland are facing a jump in repayments, in some cases significant in size, after the company identified an error dating back up to 18 months.

Business • 09 Feb 24

Dilosk has raised €1.1 billion in bond issuances since April 2023

Dilosk plans mortgage offer changes following bond sale

Dilosk DAC, which trades as ICS Mortgages, plans to announce changes to its owner-occupier mortgage products following its latest bond sale.

Business • 26 Jan 24

Households paying a mortgage had an estimated annual inflation of 7.8% in the year to September, the CSO has estimated

Households with mortgages see higher rate of inflation

New research from the Central Statistics Office reveals that households paying a mortgage experienced the highest estimated inflation rate in the 12 months to September.

Business • 18 Dec 23

The pipeline for drawdown remains solid for the remains of the year, BPFI says

Mortgage approvals for first time buyers hits record

The number of mortgages approved last month increased by 2.7% compared to a month earlier.

Business • 24 Nov 23

Martina Hennessy, Managing Director of doddl.ie

Mortgage switch savings double in six months - Doddl.ie

The latest doddl.ie mortgage switching index has found the savings that homeowners can make by switching their mortgages have doubled in the past six months.

Business • 06 Nov 23

AIB has apologised for any anxiety caused to customers

AIB reassures tracker mortgage holders over repayments

AIB has moved to reassure a group of tracker mortgage customers, who received letters indicating their repayments were set to increase more than expected in October, that they will not face new repayments greater than they had anticipated.

Business • 11 Aug 23

The bank has also increased its rates on a range of deposit accounts

Bank of Ireland to increase fixed mortgage rates again

Bank of Ireland is to increase its interest rates on fixed rate mortgages for new and existing customers taking a new fixed rate by 0.25%.

Business • 26 Jul 23