Data from the Banking and Payments Federation Ireland reveals that the average mortgage value for first-time buyers has reached a historic high of nearly €290,000, while home mover mortgage values also hit record levels. Despite these increases, overall mortgage volumes…
The Swiss National Bank (SNB) has unexpectedly lowered its key interest rate to 0.5%, marking its fourth cut this year. The decision aims to stimulate the economy and prevent a return to negative inflation. The new SNB president, Martin Schlegel,…
According to Halifax, UK house prices increased by 1.3% in November compared to October, marking the fastest monthly growth of the year. This brings the average property value to a record £298,083. With a 4.8% annual increase, demand is driven…
Over one million mortgages have been issued in the past three years with terms extending into retirement age, as homebuyers seek to manage rising interest rates. Data from the Bank of England shows that this trend, which poses significant challenges…
Ulster Bank is set to inform tens of thousands of current and former mortgage holders about a system error that may have affected their interest payments and repayment schedules. While the bank claims the impact is minimal for most, some…
