Tag Archives: fixed rates

New blow for homeowners as Ulster Bank hikes fixed rates

rish Mortgage Brokers director Karl Deeter said the bank was effectively now out of the fixed-rate market, as new customers could only get a fixed rate if they were borrowing less than half of the value of the home. He added that only a small number of existing borrowers would qualify for a fixed rate, but with the rates so high nobody would take them up.

Sunday Independent: Personal debt crisis will be country’s next body blow

We were delighted to get mentioned in the Sunday Independent, a paper that has over 1,000,000 readers. The piece was by Daniel McConnell and was titled ‘Personal debt crisis will be country’s next body blow’.

Banks to abolish fixed-rate mortgages in bid to cut costs

“Banks and building societies are planning to abolish fixed-rate mortgages because they are too expensive for lenders to provide, according to a leading mortgage expert. Banks would prefer to have borrowers on products with variable rates, which can be increased whenever lenders want, according to Karl Deeter of Irish Mortgage Brokers — who correctly predicted last year’s rises in variable rates.

TV3 ‘The Morning Show with Sybil & Martin’ features Karl Deeter

We were delighted to be part of TV3’s ‘The Morning Show, with Sybil & Martin‘. We are fans of the show and enjoy the relaxed nature of the conversational commentary style they are so adept at. In this clip we spoke about the costs of finance and the potential removal of fixed rates, while Marian Finnegan (of SherryFitzgerald) covers housing, her background is in urban economics and she lectured at both NUIG and UL before moving to SherryFitzgerald. We hope you enjoy the clip.

Banks planning to scrap fixed rates? (RTE coverage)

RTE Business news covered a story that appeared in the Independent, the story was based upon our sister company’s report (Irish Mortgage Brokers) in which it was forecast that fixed rates may cease to exist this year because of funding pressures in the banks.

Sunday Times – to fix or not with Jill Kerby

Jill Kerby, the widely known Personal Finance columnist with the Sunday Times mentioned our company in her piece last week about fixing a mortgage or not. ‘I asked Karl Deeter of Irish Mortgage Brokers for his view. He believes that fixing for three years at the rate of 3.89% you’ve been offered by AIB is a good deal. At just 0.2 points higher than the two-year rate, he reckons it is a premium worth paying.’