Friday, June 13, 2008

AIB votes Yes to mortgage rate hikes.

AIB Bank hikes mortgage rates

Now that the Irish referendum on the Lisbon treaty is over, the housing crisis resumes. Allied Irish Bank, have increased first-time mortgage rates by 0.40%, and imposed smaller increases on other mortgages. However, they will still lend up to 92% loan-to-value, and claim no restrictions on mortgage availability. (Now, about the restrictions on customers' ability to pay those mortgages..?) (This is relevant to HPC, since the Irish situation is a funhouse mirror reflection of the UK situation. The housing market in Dublin is insane, with average 3-bedroom houses typically priced in the millions.)

Posted by brian t @ 01:49 PM (607 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>