I’m fixed into a low rate (2.1%) until November 2026 and my only regret now is that I didn’t fix for longer. God knows what the market will be like then.
“rock bottom” but still far above that in other EU countries. Some kick in the teeth.
The rates here are already massive compared to elsewhere in the EU.
1) make it so houses can ACTUALLY be repossessed in a timely fashion
2) make income protection a mandatory requirement for mortgage holders
3) lower the rates due to decreased risk to the lender
The independent should use her full title:
Convicted criminal Christine Legarde.
(To the downvoters, she is literally a convicted criminal, that is a fact and they could and should publish this full title).
Well, of course; interest rates in general are essentially as low as they can go right now and have been for quite a while, and now that inflation is rearing its head, the central banks are going to start raising rates shortly and lenders will follow suit. That’s just the way things work.
This is why people whose rent is higher than a mortgage but can’t afford to save for a deposit aren’t getting mortgages.
You need to prove that you can afford a mortgage and have lots of savings on top of that. The idea is that you can afford an increase in interest rates which are inevitable.
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I’m fixed into a low rate (2.1%) until November 2026 and my only regret now is that I didn’t fix for longer. God knows what the market will be like then.
“rock bottom” but still far above that in other EU countries. Some kick in the teeth.
The rates here are already massive compared to elsewhere in the EU.
1) make it so houses can ACTUALLY be repossessed in a timely fashion
2) make income protection a mandatory requirement for mortgage holders
3) lower the rates due to decreased risk to the lender
The independent should use her full title:
Convicted criminal Christine Legarde.
(To the downvoters, she is literally a convicted criminal, that is a fact and they could and should publish this full title).
Well, of course; interest rates in general are essentially as low as they can go right now and have been for quite a while, and now that inflation is rearing its head, the central banks are going to start raising rates shortly and lenders will follow suit. That’s just the way things work.
The ECB have said they [don’t want to raise rates](https://lively.ie/blog/are-mortgage-interest-rates-going-up-2022/) this year and will avoid it if they can. They expect inflation to fall sharply, but it’s very hard to predict.
This is why people whose rent is higher than a mortgage but can’t afford to save for a deposit aren’t getting mortgages.
You need to prove that you can afford a mortgage and have lots of savings on top of that. The idea is that you can afford an increase in interest rates which are inevitable.