Tag Archives: mortgages

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’.

Sunday Times: Relief cuts cost the cautious

FIRST-TIME house buyers risk losing up to €26,100 in mortgage interest tax relief if they put off purchasing until next year. Karl Deeter, of Irish Mortgage Brokers, said: “Couples would have to earn an extra €50,000 before tax to make up for the interest relief they’d lose by not buying in 2011. They’re better off buying now, even though houses prices are likely to be lower in 2012.”

State mortgage aid up five-fold in four years

Karl Deeter of Irish Mortgage Brokers has warned that expected interest rate hikes this year will push even more householders to the edge. “I can’t see how they (number of applicants) won’t rise because it’s becoming more popular and more necessary,” he said. “The scheme is in place to help you get over the hump, in the hope that you’ll get back to work soon. “But the end result is that there will be more people on it come the end of the year as interest rates go up and unemployment rises.”

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.’