HotDudeLife wrote: » More propaganda from IT/Myhomehttps://www.irishtimes.com/business/construction/househunters-undaunted-by-covid-19-myhome-ie-survey-suggests-1.4353882 "Sentiment among prospective homebuyers appears to be holding up in the face of the pandemic, research by MyHome.ie suggests." "Just 13% expect prices to fall by more than 10% over the next year, research finds " " “Even though consumers have not seen the price drops that many predicted when Covid-19 emerged, demand has stayed strong throughout Q2 and Q3,” she insisted " Whilst, i have no plans on buying i have been keeping an eye on things as younger colleagues have been on the fence and are now holding off purchasing. Surely it is too early to make a statement like "Even though consumers have not seen the price drops that many predicted when Covid-19 emerged " I would've expected people to be more patient given the lag time of price crash during the last recession.
King Cantona wrote: » More details on Advant Money - their much touted sub 2% mortgage requires a 40% deposit.https://www.rte.ie/news/business/2020/0914/1165000-avant-money-enter-mortgage-market-with-1-95-fixed-rate/
Brock Turnpike wrote: » I'd guess only a small number of people would be in a position to take advantage of that 1.95% on that basis.
The_Conductor wrote: » Its still a rate of 2.2% for a FTB using usual criteria (90% mortgage on selected property types) which undercuts most of the incumbents by up 0.5% (you can pick up a rate of 2.69% even with some of the more expensive companies such as BOI- providing you meet their criteria). Of most interest to Irish consumers- might be the option of locking in a 2.2% rate for 7 years- and then availing of a relatively generous floating rate (think I saw 2.75% in the RTE piece). Its a different model to the incumbents- and may force them to compete on interest rates rather than cash-back deals (which you have to pay for anyway with higher interest rates). Don't know about others- but I'd rather a lower interest rate- rather than fiddling around with cash-back deals etc.
awec wrote: » Yes 2.75, but are they guaranteeing that rate?
Graham wrote: » Aren't we in the region of 1.7 trillion at the moment? I can't remember the exact figures but I'm pretty sure it's around there.
Assetbacked wrote: » So apparently "many" expected price drops but only 13% expect prices to fall by more than 10% over the next year. Are there "many" expecting price drops or not? The article talking up the whole thing with this spoof would indicate there is something up which is why they need to publish such a hype article.
Cyrus wrote: » i wonder will they take switchers with an equivalent LTV, hopefully they will.
JimmyVik wrote: » Ive decided that if house price fall by 10% im jumping. I have my eye several that would be suitable for me. Now if tax or stealth taxes drop my income or raid my pension, I wont be buying anything. I'll wait for a 25% drop in that case, because once taxes and stealth taxes start to rise, you never know where it will stop.
Geuze wrote: » What is a "stealth tax"?
smellyoldboot wrote: » Avant won't benefit the mortgage market in Ireland much if at all. They will scoop up already well performing loans from other banks, leaving them with less desirable/higher risk loans on their books. All the while having no interest in the lower end of the market themselves. Potentially very damaging and I can't see why we are allowing this to occur after propping up Irish banks for so long. This will make existing lenders even more cautious. It's not competition in the true sense as they are not competing at every level.
topmanamillion wrote: » It's a tax by another name. The likes of USC which was supposed to be a temporary measure to balance the states books but is still here over a decade later is a stealth tax.
Geuze wrote: » The USC is lower than the two former taxes it replaces. I never heard it is due to be temporary.
Ipro wrote: » Does anyone know if Avant mortgages are being offered via the free brokers? Or only the paid ones ? Feel free to PM recommendations
Cyrus wrote: » https://www.independent.ie/irish-news/politics/irelands-most-hated-tax-universal-social-charge-30804972.html it was temporary originally. Prsi was 4% in 2011http://www.ohanlontax.ie/downloads/TaxTables2011.pdf We got a top rate of USC at 10% in 2012http://www.ohanlontax.ie/downloads/TaxTables2012.pdf so how was it lower?
L1011 wrote: » USC replaced the Income Levy and Pension Levy, not PRSI.
The_Conductor wrote: » I know that its unpopular- but it makes most sense to further increase the USC across all bands- to encompass all income, regardless of source. We're going to have to pay for the financial mess we're in.
Cyrus wrote: » sorry you are right, but before the income levy and pension levy (which was PS only correct?) there wasnt an extra tax, now we have them, and they were originally, partially at least, supposed to be temporary.
PropQueries wrote: » Glenveagh have reduced the prices of their 1 Bed Apartments at Marina Village in Greystones from €499,950 to €385,000. Link to MyHome here: https://www.myhome.ie/residential/brochure/1-bed-apartments-marina-village-greystones-wicklow/4454039
