Frank O’Rourke TD has called for increased action to open up the Irish mortgage market to ensure that Ireland enjoys the same mortgage rates as other EU countries.
Frank commented, “Ireland mortgage rates are entirely unjustifiable and the banks must be tackled to ensure that fairer mortgage rates are available to Irish home owners. Irish mortgages are double that of the average in the EU, 3.3% as opposed to EU average of about 1.7%.”
“An Irish mortgage holder, with a 30 year term of €250,000, is paying €1085 per month. This is around €188 per month, equivalent to €2,200 per year or €68,000 over the lifetime of the mortgage, more than they would be paying in the average Euro area country.”
“This massive differential is impacting negatively on the quality of life of hundreds of thousands of individuals and families around our country and depriving local economy of much needed stimulus.” Continue reading “O’ROURKE URGES THE OPENING UP OF THE MORTGAGE MARKET”
Carmel commenced, “Among the works scheduled are the footpath in front of Marrons/Gala. Also two stretches of the road will be identified for placement of red friction surface with speed warnings in the New Year.”