Helping you on Life's Financial Journey
Finance Bill 2023 introduced a temporary one-year Mortgage Interest Tax Credit to help those who experienced huge increases in their mortgage interest bills during 2023 as a result of the series of interest rate rises from July 2022 on. We have attached a video to a short video from Brendan setting out the details on how this relief operates.
As everybody knows at this stage, interest rates on mortgages have shot up recently, especially for those previously fortunate enough to be on Tracker rates. While this may well be the first such increase for many borrowers in well over 10 years, all the indications from the most recent ECB meeting is that further increases…
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The Irish Independent is reporting a large drop in mortgage approvals. “Our strong message to would-be borrowers, whose income and employment circumstances have not been impacted by the current pandemic, and who meet normal lending criteria, is to actively proceed with their applications”. Normal mortgage lending rates was always going to be down during as…
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For anyone who may have applied to your mortgage provider for a mortgage payment break, it appears that most banks are not planning to extend the moratorium beyond 6 months according to RTE. If you need some help in reviewing or organising your finances in the meantime, Eolas Money are here and happy to help.…
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It really is an unknown at the moment as to how the banks will deal with mortgage applicants impacted by the effects of the Corona virus. However, some good points mentioned here by Dominic Coyle at The Irish Times If you are worried or have any queries regarding your own personal finances, don’t hesitate to…
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3 topics covered in the personal finance section of the Irish Independent today. Mortgages: Should you be your banks ideal customer and over pay each month if you can get a better interest rate someplace else!! No way.. Life Assurance: Sufficient cover should be in place to maintain the same standard of living within the…
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