This is likely to lead to other institutions following suit, according to Karl Deeter, operations manager with Irish Mortgage Brokers. “In the past it has tended that one institutional move, and then all of the others follow within a short amount of time,” he said.
Thursday, January 13, 2011
“Banks and building societies are planning to abolish fixed-rate mortgages because they are too expensive for lenders to provide, according to a leading mortgage expert. Banks would prefer to have borrowers on products with variable rates, which can be increased whenever lenders want, according to Karl Deeter of Irish Mortgage Brokers — who correctly predicted last year’s rises in variable rates.
Also filed in Accountancy, Advisors.ie In the Press, Banking, Economics, Financial Advice
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Tagged advisors in dublin 2, charlie weston, charlie weston independent, dublin accountants, financial advice, fixed rates, mortgage market trend outlook, mortgage rates, mortgages
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Thursday, January 13, 2011
We were delighted to be part of TV3’s ‘The Morning Show, with Sybil & Martin‘. We are fans of the show and enjoy the relaxed nature of the conversational commentary style they are so adept at. In this clip we spoke about the costs of finance and the potential removal of fixed rates, while Marian Finnegan (of SherryFitzgerald) covers housing, her background is in urban economics and she lectured at both NUIG and UL before moving to SherryFitzgerald. We hope you enjoy the clip.
Wednesday, January 12, 2011
RTE Business news covered a story that appeared in the Independent, the story was based upon our sister company’s report (Irish Mortgage Brokers) in which it was forecast that fixed rates may cease to exist this year because of funding pressures in the banks.
Also filed in Accountancy, Advisors.ie In the Press, Banking, Financial Advice
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Tagged accountants in dublin, advisors.ie, dublin accountancy, end of fixed rates, fixed rates, imb, karl deeter, mortgagebrokers, mortgages, personal finance, small business accountants
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We were quoted in the Irish Examiner today in an article by Niamh Hennessy, extract is below.
“The Irish Mortgage Brokers expect banks to push up interest rates by another 1% this year. Any move would add €1,280 a year to a €200,000, 25-year loan. They said rate increases may start this month.
Irish Mortgage Brokers (a sister company to Advisors.ie) has brought out their annual Mortgage Market Trend Outlook for 2011, a report that considers the likely trends of the Irish mortgage market in the coming year.
Advisors.ie and Irish Mortgage Brokers Operations Manager Karl Deeter was mentioned in an article by Charlie Weston of the Irish Independent about Haven homeloans, a branch of the EBS
Thursday, December 9, 2010
Jill Kerby, the widely known Personal Finance columnist with the Sunday Times mentioned our company in her piece last week about fixing a mortgage or not. ‘I asked Karl Deeter of Irish Mortgage Brokers for his view. He believes that fixing for three years at the rate of 3.89% you’ve been offered by AIB is a good deal. At just 0.2 points higher than the two-year rate, he reckons it is a premium worth paying.’
Also filed in Accountancy, Financial Advice, Insurance, Investment
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Tagged financial advice, financial planning, fixed rates, jill kerby, karl deeter, mortgage advice, mortgages, variable rates
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The Irish Times ran a story by Caroline Madden with a focus on mortgages called ‘To Fix or Not to Fix’, it featured our operations manager Karl Deeter and the points mentioned were that banks will increase variable rates in 2011 and that it is getting harder to protect your mortgage with a fixed rate due to pricing.
Also filed in Accountancy, Financial Advice
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Tagged accountants dublin, brokerage, caroline madden, dublin accountacy, dublin advice, financial advice, fixed mortgage, fixed rate, irish mortgage brokers, karl deeter, mortgage fix
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Tracker mortgages may not see any increase in price until 2012 according to Charlie Weston of the Irish Independent
