Tag Archives: mortgage advice

Thousands hit by Ulsterbank rate hike

We were mentioned in an article by Charlie Weston in the Irish Independent about Ulsterbank. They have decided to jack up their variable interest rate by 0.6%, our response is below: Karl Deeter, director of operations at Irish Mortgage Brokers, said the move by Ulster Bank meant it now had one of the highest variable rates in the market. “This increase means there is no safe haven for borrowers if you do not have an existing fixed rate or a tracker,” he said. This accurately reflects our sentiments on the matter, there are effectively no ways for consumers to protect themselves.

Irish Times: Questions & Answers April 14th

Can I release equity in my home under age 55? Question: Can you tell me if it’s possible to release equity in my home prior to reaching the age of 55? I own my home outright and have no family to pass it on to when I die. I bought my house last October but it needs a great deal of upgrading which I have very little prospect of being able to afford any time soon.

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.’