Banking And Payments Federation Ireland

Anybody buying or selling a house this autumn?

Post-summer property market is always vibrant but ever-steeper borrowing costs and general woes will shape prices

Lenders approve record number of mortgages for first-time buyers

Report from the Banking & Payments Federation Ireland shows that nearly 30,000 mortgages were approved in the year to the end of July with combined value of €8.4bn

If Irish banks raise interest rates for savers, mortgage costs will increase too

Calls for higher interest rates for savers could result in more pain for mortgage holders

Leading from behind on bank saving rates

Politicians have been noticeably reluctant to put pressure on Irish banks to adopt a fairer approach on rates for savings

Cars, holidays and solar panels drive personal borrowing to record highs

Interest rates may be rising, but so too is demand for personal lending

Main banks to appear before Oireachtas committee on deposit rates

Lenders facing pressure to pass on rate increases to savers

‘Significant’ jump in value of car loan drawdowns amid rising prices

Record €481m drawn down in personal loans in first quarter, says BPFI

More than 50,000 mortgage holders could switch to banks offering lower rates, new data shows

Borrowers whose mortages are stuck in investment funds could switch, Central Bank data shows

Mortgage drawdowns plummet in first drop since onset of Covid-19

Banks say decline reflects much lower levels of switching, but first-time buyer mortgage volumes also fall for first time in years

Up to €85m lost through ‘payment frauds and scams’ last year

Banking and Payments Federation Ireland data show rise in value of 8.8% on 2021, as fraudulent transactions rose by 12.7%

Contactless transactions soar but EU moves to safeguard cash

Bloc eyes legal framework for digital euro and support for physical payments as BPFI data show 3m contactless transactions daily

Forcing banks to refund victims of payment fraud ‘very complex’, finance official warns

New EU proposals stop short of extending right to refund to all victims duped into sending money to scammers

Mortgage approvals for first-time buyers reach highest level since 2011, new figures show

Some 4,928 mortgages approved in May with an overall value of close to €1.4 billion

Solo first time buyers earn €67,000, getting the most from your health insurance, and AIB Life launches

Business Today: the best news, analysis and comment from The Irish Times business desk

BPFI data highlights affordability gap in housing

We’ve had income data relating to first-time buyers before but never on an individual basis

Solo first-time buyers of new homes in Ireland have average income of €67,000

Increased housing supply moderating house price inflation, report by Banking and Payments Federation Ireland report also suggests

Mortgage switching slumps 65% in April as ECB rates are hiked

Irish home price inflation continues to ease, falling to 3.6 per cent in April

Bankers are being usurped by TikTok influencers for financial advice

Banking conference in Dublin hears how more and more people are looking to influencers online for their financial advice

ECB hikes must not push people into mortgage arrears, Michael McGrath tells top bankers

Minister for Finance among a number of speakers at the Banking & Payments Federation Ireland’s retail banking conference

Vulture funds don’t treat borrowers the same as banks, so why did our leaders say they do?

Regulators and ministers claimed that all borrowers would be treated equally, but the recent hike in interest rates suggests otherwise

Conor Pope’s night of texting with a scam artist: ‘Hi Dad, I’m texting you off a friend’s phone...’

Popular and persistent phone scam to extract money from unwary parents is likely to escalate over the summer holidays when it might seem more plausible

Typical income of first-time buyers of new homes in State above €90,000

Banking and Payments Federation Ireland notes affordability gap in Irish property market via report

Irish house prices rise 8.9% in first three months of 2023

County-by-county breakdown shows Dublin remains most expensive with the largest volume of transactions

Bank of Ireland’s new mortgage lending more than doubles in first quarter

But bank saw decline in UK and international corporate lending during the period

Mortgage switching collapses with approvals down 54% in March

New loan drawdowns climb more than 10% in first quarter, according to BPFI data, but ‘impetus for switching’ declines

Housing completions up 19% as momentum carries forward from 2022

Apartments account for more than a third of new homes for first time in 12 years with 2,427 completed in first quarter

How many new homes will be constructed in Ireland this year?

Getting an accurate picture on house completions is difficult given the various measures available

International banks expect to hire more staff at Irish operation in 2023

Ireland now the sixth largest exporter of financial services globally

Cancer survivors to benefit from insurance sector ‘right to be forgotten’ move

Mortgage protection insurance code of conduct will disregard diagnosis where treatment ceased seven or more years before application

Bank of Ireland raises fixed mortgage rates

The move follows cumulative increases of 3.5 per cent in European Central Bank rates since July 2022

Small firms warned of increasingly sophisticated cyber scams

Irish business conned out €8m by fraudsters in 2022

Asking prices for homes in Ireland fall for first time since 2013

Latest Daft.ie housing report indicates that prices fell marginally in first three months of 2023

Scam artists operating at speed banks and consumers cannot match, conference told

BPFI conference told more education and better responses needed to protect consumers

Record surge in contactless transactions as consumers flock back to retail

BPFI figures show record three million contactless payments made per day in final three months of 2022

Mortgage data tells a sobering tale

Overall figures skewed by switching and obscure the fact that average loan sizes are still on the rise

Mortgage approvals fall sharply as higher borrowing costs curtail buyers

Figures from the Banking & Payments Federation Ireland point to slowdown in approvals across almost all customer segments in volume and value terms

Bank regulation ‘strengthened’ but threat of contagion remains, says McGrath

Minister for Finance says lenders and financial authorities in ‘much better place’ than in 2008

Irish banks face higher costs but appear insulated from wider Credit Suisse fallout, analysts say

But decision to burn Credit Suisse bondholders raises prospect of higher borrowing costs

Housing output still well off the mark despite positive signs

Completions expected to flatline this year after jumping in 2022

Housing pipeline ‘encouraging’ but downside risks to supply remain

Supply to slip back to pre-Covid levels this year with 27,000 units expected to be completed

YOU MAY ALSO LIKE...
The Irish Times ePaper

France 2003

Rugby World Cup: match analysis, interviews, fixtures and results

Stardust

Inquests into the nightclub fire that led to the deaths of 48 people