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    Der Hypothekengeber Núa Money ermöglicht Erstkäufern, Kredite bis zum Fünffachen ihres Einkommens aufzunehmen


    Der Hypothekengeber Núa Money ermöglicht Erstkäufern, Kredite bis zum Fünffachen ihres Einkommens aufzunehmen

    https://www.independent.ie/business/money/mortgage-shake-up-as-buyers-can-borrow-five-times-income/a1468347405.html

    Von B8_B8_B8

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    35 Kommentare

    2. ManFeelings9000 on

      I honestly don’t even know what to make of this. On one hand people are struggling to reach the high prices and on the other this seems very like encouraging Celtic Tiger practices and a new generation of negative equity 

    5. InevitableMidnight54 on

      But I thought the 4x your income or whatever it is now was a central bank rule?

    6. hey-burt on

      Are mortgage repayments at that much even affordable considering it’s based on income

    8. Pure-Ice5527 on

      One of the most expensive lenders wants to give people a load of extra money to straddle them with debt.. it honestly should not be allowed. We don’t need larger mortgages, we need less external investment in housing Irish people need and we need more houses. This just straddles more debt on Irish people

    9. JoooneBug on

      Wow! What a new innovative idea! I wonder is the CEO or shareholders of this new company related to anyone connected to the upper echelons of Irish society!

    10. Ambitious_Friend_950 on

      Sorry, I don’t have an Indo subscription. How can this happen when the Central Bank’s rules limit the maximum amount someone can borrow to four times your gross annual income if you’re a first-time buyer (3.5 times if you’re a second-time buyer?) There are a limited number of exceptions allowed to each institution each year. Is that what they’re talking about?

      In any case, this is bad news. Those were very sensible rules brought in after the last crash. They’ve prevented a headlong rush back into EXACTLY the same housing bubble as we had pre-2008. They slowed the flight of house prices out of the reach of people on average salaries. They prevented the banking system from becoming unstable through too many risky loans. They stopped people from taking on far too much debt.

      Have the rules changed? If so, why now? Choosing this moment to inflate asset prices and load more debt onto households seems like a terrible decision.

    11. makeupinabag on

      Ah yes, punished with a higher interest rate, because a traditional bank doesn’t think you can afford the lesser payment. Then NUA swoops in as the hero charging you 300 more for the same mortgage per month. Bad bad idea. Equally as bad as first home scheme.

    13. thespuditron on

      I don’t know how I feel about this. 

      On one hand, I got an exception for a little over the 4x limit which allowed me to buy this place, but on the other hand, 5x just adds ever more onto the amount to payback. So in my case, an extra 300 or so, which is a lot. 🫤

    16. No_Tomato6638 on

      They have some of the worst rates on the market, at first glance. Not sure how anyone would pass a stress test of 5% interest on a 5x loan, doubt there will be many people eligible for it, if any.

    17. Kind_Commission_427 on

      In the 2008 crash Banks lured people in with very low interest rates for the first two years (Adjustable Rate Mortgages). People could afford the 5x salary loan initially, but once the „teaser“ period ended, the interest rates jumped. Monthly payments doubled or tripled, leading to mass defaults.

    18. DuckyD2point0 on

      It’s a great idea if it’s done right.

      A couple paying €2200 to rent a family home can easily afford €1600-€1800pm for a 100% mortgage to buy a house. Proof over affordablity above what payments will be should be accepted as a deposit.

    20. rmp266 on

      Free car driveway turntable with every D4 x5 income 100% mortgage, we are BACK baby

    25. SeriesDowntown5947 on

      Be careful yall as you will have massive monthly repayments for decades

    27. Adept_Razzmatazz1145 on

      Oh that’s just great, now we just wait for property prices to increase by another 25%, fucking wonderful 

    33. JHRFDIY on

      It’s scary that even a big headline figure like 5x is probaby still substantially cheaper on a PCM basis than rent.

    34. Elegant-Chemical-283 on

      Wish I could of borrowed 5times instead 3.5 might be living in a nicer estate

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