Category Archives: Mortgages

Irish Examiner: Rate hikes loom for tracker mortgages

Irish Examiner, Wednesday 16th February 2011: Niamh Hennessy reports – TRACKER mortgage holders could be hit with up to five interest rate hikes by the end of next year — adding €150 a month to a €200,000 mortgage.
Operations manager with the Irish Mortgage Brokers, Karl Deeter said the increase in rates will bring pain to a lot of people who have been exempt from the variable rate hikes.

News of the World – Advisors.ie writing on Mortgages

We were covering mortgages in this weeks Irish edition of News of the World, looking at the affects of changes in taxation and other aspects that could make the cost of a house rise even though the price may fall.

Irish Property Council, guest speaker will be Karl Deeter

The IPC meeting will also be addressed by bank representatives who will talk members through “debt restructuring, writedowns and deals on debt”.
Karl Deeter of the Irish Mortgage Brokers will discuss the economy and the US experience of debt restructuring, while Ross Maguire, senior counsel and co-founder of the New Beginning group, will discuss “family home protection”.
Solicitors will also be on hand to provide advice on insolvency for members who “cannot trade any longer”, Mr Savage added.

The meeting takes place tonight at the Red Cow Hotel, Dublin, at 7.30pm.

Independent: Feature our commentary on mortgage rate hike

“Fixed rates will be pulled from the market or priced so high that they will not be a realistic option. This will leave people at the mercy of their banks,” financial adviser Karl Deeter of Irish Mortgage Brokers told the Irish Independent.

Mr Deeter also predicted other lenders would now withdraw fixed rates as banks continue to lose money on mortgages because they signed up thousands of people on trackers which they are now losing money on.

TV3 Morning Show with Sybil and Martin – is the property market at the bottom?

We were really pleased to feature on TV3’s ‘Morning Show’ with Sybil and Martin (Brian was standing in for Martin) in a conversation about property prices and whether or not we have hit the bottom. Aoife Walsh from the Respond! Housing Agency was also there giving some great information and advice for borrowers in trouble.

Mortgage rates set to rise by 1%

Financial adviser Karl Deeter of Irish Mortgage Brokers said other lenders would follow Permanent TSB. He advised affected borrowers to sign up for a two-year fixed deal of 5.19pc.

State mortgage aid up five-fold in four years

Karl Deeter of Irish Mortgage Brokers has warned that expected interest rate hikes this year will push even more householders to the edge. “I can’t see how they (number of applicants) won’t rise because it’s becoming more popular and more necessary,” he said. “The scheme is in place to help you get over the hump, in the hope that you’ll get back to work soon. “But the end result is that there will be more people on it come the end of the year as interest rates go up and unemployment rises.”

TV3 Morning Show with Sybil and Martin

We were delighted to feature on TV3’s ‘Morning Show with Sybil and Martin’ in their monthly property slot alongside Angela Keegan of MyHome.ie
Karl Deeter discussed the financial aspects of the Irish property market while Angela covered property prices in general.

News of the World: Featuring Karl Deeter from Advisors.ie

Our debut column for News of the World featured in last Sunday’s paper. We were delighted with the feedback, if you missed the piece you can find a copy of it here. We covered mortgages – a comfortable first topic because Advisors.ie is a sister company of Irish Mortgage Brokers – but in the future we will cover every manner of personal finance you can think of!

Mortgage providers to restrict rural loans

Mortgage broker Karl Deeter of Irish Mortgage Brokers said lenders were now discriminating against those seeking loans to buy property in rural areas.
“If you are not buying in Dublin, Cork, Limerick or Galway cities they do not want to know. This is all part of a growing trend to discriminate against properties outside of the cities,” Mr Deeter said.