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14/10/2009
Bank Mortage Lending Increases
HSBC Bank has said that its mortgage lending in Northern Ireland has almost trebled in the past three months, with loans to first-time buyers increasing four-fold since the start of the year.
This is good news for the beleaguered property market and will act as a fillip for the construction industry which has suffered the most pain during the current recession.
Latest quarterly figures show that the bank, which has six branches across the north, saw its lending to home buyers in the Belfast area grow almost threefold from July to September.
And the bank's mortgage business increased by 187% alone at its Royal Avenue branch which opened last December.
The figures compare against the previous quarter's like-for-like mortgage lending and are based on mortgage values.
The bank's level of mortgage business increased overall in Northern Ireland by 42% during the quarter with 40% of all mortgages going to first-time buyers.
Although a 'new' name HSBC has had a 40-year presence in Northern Ireland as it was previously known as Forward Trust Asset Finance.
It launched its first retail branch at Donegall Square South in Belfast in 2001 and has since opened further branches in Coleraine, Omagh and Portadown and Derry.
(BMcC/KMcA)
This is good news for the beleaguered property market and will act as a fillip for the construction industry which has suffered the most pain during the current recession.
Latest quarterly figures show that the bank, which has six branches across the north, saw its lending to home buyers in the Belfast area grow almost threefold from July to September.
And the bank's mortgage business increased by 187% alone at its Royal Avenue branch which opened last December.
The figures compare against the previous quarter's like-for-like mortgage lending and are based on mortgage values.
The bank's level of mortgage business increased overall in Northern Ireland by 42% during the quarter with 40% of all mortgages going to first-time buyers.
Although a 'new' name HSBC has had a 40-year presence in Northern Ireland as it was previously known as Forward Trust Asset Finance.
It launched its first retail branch at Donegall Square South in Belfast in 2001 and has since opened further branches in Coleraine, Omagh and Portadown and Derry.
(BMcC/KMcA)
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30 April 2008
Property Prices To Equalise
While the price of a house in Northern Ireland will have dropped by a total of £75,000 by the end of this year, taking the average price of a house here to £175,000, that is in line with the current UK-wide figure - now said to be £178,555.
Property Prices To Equalise
While the price of a house in Northern Ireland will have dropped by a total of £75,000 by the end of this year, taking the average price of a house here to £175,000, that is in line with the current UK-wide figure - now said to be £178,555.
28 May 2014
NI Mortgage Lending Increases
Lending for home-owner house purchase in Northern Ireland in the first quarter of 2014 rose 35% when compared to the same period in 2013, according to the Council of Mortgage Lenders (CML). The figure was still down 7% compared to the fourth quarter of 2013, however.
NI Mortgage Lending Increases
Lending for home-owner house purchase in Northern Ireland in the first quarter of 2014 rose 35% when compared to the same period in 2013, according to the Council of Mortgage Lenders (CML). The figure was still down 7% compared to the fourth quarter of 2013, however.
22 June 2012
Ulster Bank Payments Delayed Further
A bank that has been plagued with technical difficulties over the past few days has said its payments system will not be fully up and running until Monday. Although Ulster Bank said the days-long backlog would be resolved today, many customers are still unable to access recent payments.
Ulster Bank Payments Delayed Further
A bank that has been plagued with technical difficulties over the past few days has said its payments system will not be fully up and running until Monday. Although Ulster Bank said the days-long backlog would be resolved today, many customers are still unable to access recent payments.
09 July 2013
NI Property Market Shows Positive Signs
The Northern Ireland property market appears to be picking up, according to the latest Royal Institute of Chartered Surveyors (RICS) and Ulster Bank Housing Market Survey. The report said the price balance of the latest survey was at its highest in almost six years in June.
NI Property Market Shows Positive Signs
The Northern Ireland property market appears to be picking up, according to the latest Royal Institute of Chartered Surveyors (RICS) and Ulster Bank Housing Market Survey. The report said the price balance of the latest survey was at its highest in almost six years in June.
30 March 2010
Ulster Bank 'Opens Door To Homebuyers'
A massive half billion pounds has been pledged to beleaguered first-time buyers trying to get a foot on the rung for homeownership. Ulster Bank is to commit £500m of new mortgage lending to the Northern Ireland housing market over the next 12 months.
Ulster Bank 'Opens Door To Homebuyers'
A massive half billion pounds has been pledged to beleaguered first-time buyers trying to get a foot on the rung for homeownership. Ulster Bank is to commit £500m of new mortgage lending to the Northern Ireland housing market over the next 12 months.
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Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
