Cash-back on Mortgage Ban Archives - MyLifeCover

Surge in Mortgage Holders Switching

Admin — Tue, 23 Jan 2018 12:12:59 +0000

By Conall O Fatharta As many as 2,000 mortgage holders may switch lender in the first six months of the year as brokers experience a surge in consumers looking to avail of cheaper rates. It has predicted that switching will experience double-digit growth in the first six months of the year, as an increasing number of mortgage holders learn of the option which could potentially save them anywhere in the region of €311 per … Continue reading "Surge in Mortgage Holders Switching"

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How Switching Can Save You €100,000

Admin — Tue, 23 Jan 2018 11:30:57 +0000

Households are finally cottoning on – switching your mortgage can save you €100,000. Brokers MyMortgages.ie report a three-fold increase in switching and forecast double digits growth in the first half of 2018. One reason behind the rush is borrowers want to avail of cash incentives for switching in case they are banned, as Fianna … Continue reading "How Switching Can Save You €100,000"

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Mortgages gold rush on the cards as ‘cash-back’ deals could be banned

Admin — Mon, 22 Jan 2018 11:11:08 +0000

Christian McCashin Fears that ‘cash-back’ mortgage offers will be banned this summer is expected to cause a surge of homeowners switching their mortgage. Fianna Fáil is looking to ban the offers, which give borrowers a return of around 2% of the mortgage back in cash. This would force the banks to compete on interest … Continue reading "Mortgages gold rush on the cards as ‘cash-back’ deals could be banned"

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Activity Picks up in Mortgage Switcher Market.

Admin — Fri, 19 Jan 2018 13:27:52 +0000

Experts at MyMortgages.ie have reported a flurry of activity in the mortgage switcher market since the beginning of the year. The brokers forecast the switcher market alone will experience double digit growth in the first 6 months of the year, as an increasing number of mortgage holders learn of the option which could potentially save … Continue reading "Activity Picks up in Mortgage Switcher Market."

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Brokers Note Rise in Calls Over Switching Mortgages.

Admin — Fri, 19 Jan 2018 11:05:26 +0000

Grainne McGuinness. Evening Echo A Cork broker has reported a spike in calls from mortgage holders interested in switching their homes loan in the first weeks of January. Joey Sheahan, Head of Credit at MyMorgages.ie on South Mall, believes a number of factors have led to the influx in enquiries. “We have … Continue reading "Brokers Note Rise in Calls Over Switching Mortgages."

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Are we going to say goodbye to cash-back mortgages?

Admin — Tue, 16 Jan 2018 17:05:42 +0000

Fiona Reddan Last year the Competition and Consumer Protection Commission warned that cashback offers might not make financial sense in the long term because of the higher rates often also charged. New mortgage rates bill could see popular cash back offers banned – but home owners may benefit from pressure on rates An amendment to … Continue reading "Are we going to say goodbye to cash-back mortgages?"

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