Rise in total value of new mortgages drawn down in 2018 – BPFI
The total value of new mortgages drawn down last year rose by nearly a fifth compared to the previous year. However, the data released by the Banking and Payments Federation Ireland (BPFI) also shows that the volume of mortgages approved in December fell sharply compared to November. The BPFI Mortgage Drawdowns Report for the fourth […]
Economy could be 4.25% smaller in hard Brexit scenario – Department of Finance
The size of the Irish economy could be 4.25% smaller than current projections over the medium term if there is a hard Brexit, according to an assessment by the Department of Finance. The department forecasts show that unemployment could rise by up to 2 percentage points in such a scenario. A small surplus projected for […]
Can I inherit my parents’ home tax-free?
Query: My husband, daughter and I live with my elderly parents in my parents’ primary residence. We have lived here for 18 months and I do not own any other properties. Can I inherit my parents’ primary residence tax-free in 18 months (that is, after three years of us living here) while my parents are […]
Cost of international stamp to rise to €1.70
An Post has announced a rise in the price of an international stamp as well as increased prices for some large envelopes and parcels. But the cost of a stamp for sending a letter or card in Ireland is staying at €1, An Post said. An Post said its rates are in line with comparable […]
Revolut to launch mobile bank app for children to improve their ‘financial literacy’
Revolut’s alternative banking services already appeals to more than 200,000 Irish users – but now the fintech is looking to expand its target market. The London-based fintech’s latest move allows its existing customers to add their children to their account as a secondary user. Through the Revolut Youth app, children can choose their own card […]