Latest news with #HelptoBuy
RTÉ News
5 days ago
- Business
- RTÉ News
Mortgage approvals continued to grow in April as first-time buyer activity reached new highs – latest figures from BPFI
There were 2,922 first-time buyer (FTB) approvals valued at almost €1 billion (€965m) in April, according to the latest figures from the Banking and Payments Federation of Ireland's Mortgage Approvals Report. The report shows the highest April FTB levels since the data series began in 2011. The number of mortgages approved rose by 4.7% month-on-month and by 5.8% compared with the same period last year. 31,853 FTB mortgages valued at almost €10 billion (€9,999m) were approved in the twelve months ending April 2025, the highest activity levels since the data series began. Commenting on the publication of the latest data, BPFI Chief Executive Brian Hayes said: "The latest mortgage figures show continued growth in approvals in April 2025, with volumes up by 5.8% year on year and values up 13.6% over the same period." "We can see from today's figures that lenders are supporting more and more FTBs, which points to a healthy pipeline for lending in the coming months," he said. "However, FTB housing demand is also growing, as evidenced by the 14,554 applications for Help to Buy in the first three months of 2025. This is up from 9,991 in the same period of 2024," said Mr Hayes.
Irish Examiner
5 days ago
- Business
- Irish Examiner
First-time buyers fuel rise in mortgage approvals
A total of 4,705 mortgages were approved in April this year, marking an almost 5% rise compared to the previous month. New figures released by the Banking and Payments Federation Ireland (BPFI) found that first-time buyers made up more than 62% of total approvals, while mover purchasers accounted for 18%. On an annual basis, the number of mortgage approvals rose by almost 6% compared with April last year. Mortgages approved last month were valued at just over €1.5bn, of which first-time buyers accounted for 64% and mover purchasers for 21%. The value of mortgage approvals rose by just over 5% month-on-month and by 13.6% year-on-year. Meanwhile, re-mortgage/switching activity rose by 53.5% in volume terms year-on-year and rose by 74.8% in value in the same period. Commenting on the publication of the latest data, Brian Hayes, Chief Executive, BPFI said: 'The latest mortgage figures show continued growth in approvals in April 2025, with volumes up by 5.8% year on year and values up 13.6% over the same period. "There were 2,922 first-time buyer approvals valued at almost €1bn in April, the highest April levels since the data series began in 2011. "While the volume of mover purchase approvals fell by 5.9%, the value of those approvals rose by 0.7% to €317m, the highest April level since the data series began.' 'In annualised terms, 31,853 first-time buyer mortgages valued at almost €10bn were approved in the twelve months ending April 2025, the highest activity levels since the data series began." The value of mover purchase approvals also reached a new high at almost €4bn over the same period, BPFI figures found. 'We can see from today's figures that lenders are supporting more and more first-time buyers, which points to a healthy pipeline for lending in the coming months," Mr Hayes added. However, first-time buyer housing demand is also growing, as evidenced by the 14,554 applications for Help to Buy in the first three months of 2025. This is up from 9,991 in the same period of 2024.'
Irish Independent
6 days ago
- Business
- Irish Independent
Liverpool parade driver arrested over attempted murder remains in custody
Eoin McGee answers: 'I got €30,000 in Help to Buy but now have to move for work. If I sell the house, I'll have to pay back Revenue. What should I do?'
Irish Independent
7 days ago
- Business
- Irish Independent
UN says 47 people injured while trying to get food aid in Gaza
Eoin McGee answers: 'I got €30,000 in Help to Buy but now have to move for work. If I sell the house, I'll have to pay back Revenue. What should I do?'
Daily Mirror
21-05-2025
- Business
- Daily Mirror
HSBC customers told to 'review' bank accounts ahead of huge change next month
The Bank of England's base rate influences what banks and lenders charge you to borrow money, but it also dictates how much banks will pay you in interest on your savings HSBC customers have been told to "review" their savings as the bank is making a huge change to eight bank accounts within weeks. The high street bank is slashing interest rates across eight of its popular saving accounts from June. The move is a blow to savers as they will be making less money on their cash pots. The cut to interest rates comes as the Bank of England slashed its base rate by 0.25 percentage points to 4.25% earlier this month. The Bank of England's base rate influences what banks and lenders charge you to borrow money, but it also dictates how much banks will pay you in interest on your savings. When the base rate is higher, the banks will pay you more. When the base rate drops, the banks will pay you less. On the day, savers were warned about the impact the move would have on them. HSBC is cutting rates across a range of its savings accounts from June 3, including its Help to Buy ISA and its Loyalty Cash ISA. From July 21, the high street bank will be cutting rates on even more accounts including its Online Bonus Saver, Flexible Saver, On the cuts, a HSBC spokesperson said it was "firmly focused" on supporting its banking customers with their savings. They said: "We provide overall value on our savings accounts that goes beyond interest rates to provide flexibility, convenience, simplicity and organisational and financial stability for customers who want to save with a trusted high street brand. "There are several factors taken into account when setting savings rates. We have designed our savings accounts to make it easy for our customers to start and maintain a savings habit so they can save towards longer term goals." HSBC said it "proactively" reminded customers of the need to "review" their cash pots and would advise them on what products are best suited for them. Join Money Saving Club's specialist topics For all you savvy savers and bargain hunters out there, there's a golden opportunity to stretch your pounds further. The Money Saving Club newsletter, a favourite among thousands who thrive on catching the best deals, is stepping up its game. Simply follow the link and select one or more of the following topics to get all the latest deals and advice on: Travel; Property; Pets, family and home; Personal finance; Shopping and discounts; Utilities. Full list of HSBC savings accounts changing Online Bonus Saver (balances between £1 and £50,000) - Going from 4.00% to 3.75% Online Bonus Saver (balances over £50,000) - Going from 1.50% to 1.30% Flexible Saver - Going from 1.35% to 1.30% HSBC Premier Savings (balances below £50,000) - Going from 1.50% to 1.35% HSBC Premier Savings (balances between £50,000 and £100,000) - Going from 1.60% to 1.45% HSBC Loyalty Cash ISA (loyalty Premier rate) - Going from 2.75% to 2.50% HSBC Loyalty Cash ISA (standard Premier rate) - Going from 2.15% to 2.10% HSBC Loyalty Cash ISA (loyalty non-Premier rate) - Going from 2.35% to 2.30% HSBC Loyalty Cash ISA (standard non-Premier rate) - Going from 2.15% to 2.10% MySavings (balances up to £3,000) - Going from 5.00% to 4.50% MySavings (balances over £3,000)- Going from 1.50% to 1.35% HSBC Premier MySavings (balances up to £3,000) - Going from 5.00% to 4.50% HSBC Premier MySavings (balances over £3,000) - Going from 1.50% to 1.35% Future Saver for children - Going from 1.50% to 1.35% Help to Buy: ISA (balances over £12,000) - Going from 1.35% to 1.30%
