View more on these topics

Signs of hope for Northern Ireland

Paul-Smee-700.jpg

The Northern Ireland Repossessions Taskforce has released its overview of the Northern Ireland housing market.

Northern Ireland house prices now stand at 50 per cent of their 2007 peak level. Negative equity affects 41 per cent of borrowers and Northern Ireland has the UK’s highest level of buy-to-let arrears.

Economic recovery is stagnant, with 2013 median gross weekly earnings of full-time workers the lowest in the UK. 

So what does the future hold?

The taskforce will consider long-term solutions to Northern Ireland’s challenges and make recommendations later this year. 

There may have been a feeling of doom and gloom in the past, but data for the past 12 months shows hints of recovery. Mortgage lending for house purchases is up 35 per cent in the first quarter of the year compared with last year, with first-time buyers helping to drive market growth. 

House prices have finally started to rise again – a Nationwide report found they were up 8.4 per cent year-on-year, and mortgage repossession cases in court have fallen 14 per cent in the first quarter compared with last year.

Recommended

Andrew-Montlake-700.jpg

Marketwatch: We are in a rare period in the history of mortgages

So it is midsummer and for those of you reading this on the beach sipping a brightly coloured cocktail with an overlarge umbrella and some as yet undiscovered fruit on the side, er, why are you reading about mortgages? We are in a rare period in the history of mortgages. There has already been some […]

CML - 700

CML calls for your views on improving the mortgage industry

The Council of Mortgage Lenders is calling for ideas on how to improve the industry and will offer one person the chance to present their idea at its annual conference. The competition is open to all members of the industry, whether they are just starting out or are seasoned professionals, and it is even open […]

Colin Snowdon
7

E.surv’s Richard Sexton lifts the lid on down-valuations

Over the last 12 months, it’s fair to say Mortgage Strategy has become the forum of choice for those wishing to debate the whys and wherefores of those cases qualified valuers identify as being over estimated, in property value terms, by the applicant or their advisers.   I would like to think in some small way […]

Mole

The Mortgage Mole: Fobbed off

Fobbed off This week, our beloved Mortgage Mole took pity on young reporter Devraj Ray, who was feeling distinctly peeved as he chased up a story for both Mortgage Strategy and sister title Money Marketing.  Weeks earlier, Ray had been hot on the heels of what would have been the biggest story of his fledgling […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments
  • Post a comment
  • James - Montpelier Private Finance 14th August 2014 at 11:41 am

    As well as bridging finance!

    – Lending up to 65% of purchase price subject to 80% of 90 day Vacant Possession
    – Pricing is from 1% per month, plus arrangement/exit fees
    – Funding from £100,000 up to multi-million transactions
    – Residential or commercial assets considered – an example of current deals being considered include a filling station, a row of commercial units, a pub and a residential investment property
    – Unregulated business only
    – Prefer assets with an income stream sufficient to pay interest, although will retain interest in certain circumstances
    – Must have a clear and tangible exit ie sale or term finance

  • Matt Tristram 13th August 2014 at 4:52 pm

    Don’t forget some second charge lenders are also now lending in Northern Ireland too, with Clearly Loans & Central Trust launching a range earlier this year.

Close

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now