Your Questions: Should I use my pay increase to reduce my mortgage, or save it?

Your Questions: Should I use my pay increase to reduce my mortgage, or save it?

Posted on 12Aug

Charlie Weston

Question: I have just been promoted at work and got a pretty big pay increase. I am going to treat myself and the family to a holiday this year, as we have not been able to afford one since we bought our home two years ago. My wife thinks maybe we should throw an extra few euro on the mortgage each month, but I am not sure. Maybe we should just save it?

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Sligo Weekender: “€8.9m of home sales in May amid call for help for buyers”

Posted on 01Aug

15/07/2019

There were 71 houses and apartments sold in Sligo in May, to a total value of €8.9m, but there has been a call for the government to extend the Help to Buy Scheme to help many who cannot afford to buy.

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Irish Examiner: Mortgage Expert: Extend Help-To-Buy

Posted on 15Jul

The help-to-buy scheme should be extended “sooner rather than later” to help first-time buyers being priced out, a mortgage expert has said.

Joey Sheahan of MyMortgages.ie was speaking as a report from EY and DKM showed nearly half of all counties in the Republic are now unaffordable for first time buyers on an average income.

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Irish Examiner: Dramatic fall off’ in first-time buyers if Help-to-Buy scheme not extended, expert warns

Posted on 15Jul

There will be a “dramatic fall off” in first-time buyers entering the market next year if the Help-to-Buy scheme is not extended.

That was the stark warning from the head of credit at MyMortgages.ie, Joe Sheahan, who was responding to the latest Central Statistics Office (CSO) figures on house prices.

While house prices continue to ease with the annual rate of increase in May now the lowest in six years, prices increased by 2.8% nationally in the year to May, compared to a 3% increase in the year to April.

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Property price inflation slows to six-year low of 2.8%

Posted on 11Jul

Latest official figures show the headline rate of inflation in the capital city Dublin at 0.6%

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Mortgage Broker Gets Behind Cork Legal Eagles in the Eurolawyers Football World Cup

Posted on 20Jun

Pictured above from left to right:

Dermot Kelly, Kelly Dullea, Shane Healy & Maurice O’Connor, Healy O’Connor, Jonathan Lynam, Murphy Lynam, Joey Sheahan MyMortgages.ie Peter Kiely, Timothy J Hegarty & Co,

In front John O’Flynn of Summa Sportswear and Neal Horgan of JW O’Donovan

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The Irish Examiner: 20% of properties sold to big investors

Posted on 07Jun

One-fifth of all property sales in the first quarter of 2019 were to large international investors and real estate investment trusts. A new report from the Banking and Payments Federation Ireland (BPFI) shows the extent to which investors are impacting on the private housing market in Ireland.

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Irish Independent: Your Questions ‘We can’t meet the full mortgage payments – can we sell to our son?’

Posted on 05Jun

Charlie Weston

Q Both my wife and I are social welfare pensioners, and we are paying interest-only repayments on our home mortgage. We re-mortgaged the house to keep our business going in 2005, but the business failed in 2013. We recently exited insolvency, and the only outstanding debt is a mortgage of €216,000 on the family home.

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Irish Independent:Your Questions-I need travel insurance but I am worried about a pre-existing condition

Posted on 14May

By Charlie Weston Read More


The Irish Times: More tax, less benefits: Is working as a contractor right for you?

Posted on 17Apr

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