Many banks offer a better interest rate on mortgages once the value of the loan drops below 60% of the value of the house. File photograph: Frank Miller
Property prices may be cooling, but after six or so years of consecutive growth, homeowners across Ireland will have nonetheless seen substantial rises in the value of their homes. While this increase in value is meaningless in one sense, unless you’re planning to sell your property and move somewhere cheaper, it does present an opportunity for homeowners across the country to extract some of the value from this growth.
that was 6 years ago !
Calling this a 'house price recovery' is an insult. We had a bubble where prices were too high, and now we're back there again and we've many people homeless because of it. 🤦♂️
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Source: IrishTimes - 🏆 3. / 98 Read more »