Joey Sheahan

9 results

Whether it’s lethargy or loyalty, fear or loathing, too few of us switch mortgage. Photograph: iStock

Switching your mortgage can seem like a pain. It was hard enough to get it in the first place, right? But if new lower fixed interest rates mean about(...)

‘Terminate the Help to Buy Scheme,’ says SJI, and use the €75 million saved to invest in homelessness prevention. Photograph: Rui Vieira/PA Wire

Leitrim-based consumer finance company Avant Money has begun taking applications for its products from Monday with a fixed-rate mortgage offering that(...)

The sea front at the popular tourist town of Kilkee, Co Clare. Photograph: Alan Betson

Sun holidays, city breaks, ski trips – the pandemic has grounded us all indefinitely, even with the “green list”. With all but essential foreign trave(...)

The banks are offered a three-month mortgage payment holiday to those whose ability to pay is hit. Some 28,000 such breaks have already been granted

We didn’t think we’d be back here again so soon. Ten years on from the last financial crisis, recession looms once more. But there’s a difference this(...)

Despite political pressure, banks in Ireland  have been slow to budge on rates, though they are offering more competitive fixed rates. Photograph: Rui Vieira/PA Wire

Nobody wants to pay more for anything than they need to. Yet, if you are not considering the latest fixed-rate mortgage rates, that’s exactly what you(...)

Credit card debt is expensive. If you’ve built up credit-card debt, you need to get it under control before doing anything else. Photograph: Getty Images

This year will be different. You’ll take lunch to work, crack down on the cappuccinos, can the Friday night takeaway – that will help, right? Well, it(...)

Things which help demonstrate a borrower’s desirability to a bank include savings and paying rent. Photograph: iStock

It has never been easy being a first-time buyer but it has rarely been harder than it is today. Banks that 10 years ago were throwing stupid sums of (...)

Carton Wood, Maynooth. A first time buyer would need a deposit of just €14,750 to buy a three-bed semi-detached house worth €295,000. Someone trading up on the other hand would need to come up with a significantly higher deposit of €59,000.

They paid too much for their home during the boom; their wages are stagnant; their mortgage is still underwater; they may have a cheap tracker but hav(...)

Property search: figures from Myhome.ie indicate that the average national asking price is now €208,000. Photograph: Aidan Crawley/Bloomberg

Some 14 months on from the introduction of the oft-discussed and much-maligned mortgage lending rules, they certainly seem to be having an impact. (...)