Tag Archives: mortgage market trend outlook

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

Thursday, January 13, 2011

“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.

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Irish Examiner: Homeowners face a 1% interest rate hike in 2011

Friday, January 7, 2011

We were quoted in the Irish Examiner today in an article by Niamh Hennessy, extract is below.

“The Irish Mortgage Brokers expect banks to push up interest rates by another 1% this year. Any move would add €1,280 a year to a €200,000, 25-year loan. They said rate increases may start this month.

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