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Month: May 2020

Categories
Surveying

Government Dirt incentive for first-time buyers not a great help

First-time buyers looking to save a deposit to secure their first home can now claim back tax paid on their savings to help them on their way, thanks to a Government initiative first announced last October. However, the scheme, which exempts first-time buyers from Dirt, is unlikely to have a meaningful impact on their savings, given the low deposit rates on offer.

Moreover, as the refund is only granted once conveyancing on a property has been completed, the Dirt refund can only be claimed once the property sale has been completed. So it probably won’t help buyers to close the gap on getting a deposit together.

Read the full details in the Irish Times

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote

Categories
Development Land

SCSI Launch “A Clear Guide to Chartered Building Surveyors”

The Society published ‘A Clear Guide to Chartered Building Surveyors’ which outlines the key roles and responsibilities of a Chartered Building Surveyor.

Read the full details on the SCSI Guidelines

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote

Categories
Development Land

Buyers’ changing profile means market is much different to Tiger days

Whether it has been US firms such as Blackstone and Kennedy Wilson, Asian firms such as Oxley, or big European players such as DZ Bank, investment from overseas is showing few signs of slowing down.

Some of these players, particularly the private equity funds, have been referred to by some as “vulture funds” and have been criticised for buying up Irish assets at bottom dollar prices.

Maples and Calder partner Diarmuid Mawe however disagrees, and he is well placed to comment as head of the commercial proeprty division for the law firm in Dublin.

“The arrival of the international investors to the market saw initial concerns being raised, but such concerns were short-sighted in nature,” he says.

Read the full story in the Irish Independent

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote

Categories
Surveying

Five things you need to know about the new mortgage rules

Well, they’re finally here. After months of speculation, frantic lobbying by interested parties and concerned visits to their bank by putative homeowners, the Central Bank has finally announced its decision. It’s not what everyone may have wished for, but the new rules, which will restrict mortgage lending, have been announced and it looks like they are here to stay.

While the new rules give some much-needed certainty and clarity, there is also an element of confusion as to what exactly they will mean for those looking to move on or up the property ladder.

Read the full story in the Irish Times 

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote

Categories
Development Land Dublin Extensions And Conversions Home Improvements Real Estate Surveying

Central Bank announces new regulations on residential mortgage lending

The Central Bank of Ireland has published new regulations on residential mortgage lending.

Loan to Value (LTV) for principal dwelling houses (PDH)

There are different limits for different categories of buyers:

  • PDH mortgages for non-first time buyers are subject to a limit of 80 per cent LTV.
  • For first time buyers of properties valued up to €220,000, a maximum LTV of 90 per cent will apply. For first time buyers of properties over €220,000 a 90 per cent limit will apply on the first €220,000 value of a property and an 80 per cent limit will apply on any excess value over this amount.
  • The cumulative monetary value of loans for principal dwelling purposes which breach either of these limits should not exceed 15 per cent of the euro value of all PDH loans on an annual basis.

Housing loans for borrowers in negative equity who wish to obtain a mortgage for a new property are not within the scope of the LTV limits.

Read the full story on the SCSI Website

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote

 

Categories
Development Land Dublin Extensions And Conversions Home Improvements Real Estate Surveying

Thousands of rented homes in capital found to be substandard

A major report by the country’s largest local authority has uncovered extensive health and safety issues facing tenants.

Environmental experts inspected more than 5,000 homes in Dublin’s North and South Inner City and found that over 60pc required remedial works.

More than 2,500 homes were brought to the required standard following the inspections.

Figures seen by the Irish Independent show that 100 prohibition notices have been issued to landlords who failed to respond to warning letters.

These orders, once lodged against a landlord, prevent them from taking on new tenants.

And the council has initiated 76 separate legal actions over a two-year period against landlords who do not to comply with these orders.

Read the full story in the Irish Independent

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote

Categories
Uncategorized

New mortgage rules mean most buyers to need 20% deposit

New mortgage rules published today by the Central Bank mean that most house buyers will have to have a 20 per cent deposit when applying for a home loan. The regulations come into force on January 1st.

The bank is proposing that no more than 15 per cent of all new mortgages for private dwelling homes should have a loan to value (LTV) ratio above 80 per cent. This means that most first-time buyers are now going to be expected to have at least a 20 per cent deposit when buying a home.

In addition, it has also decided that just one-fifth of new mortgages should be issued above a level of three and a half times income (LTI).

Read the full story in the Irish Times

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote

Categories
Real Estate

Mortgage clampdown proposals will have serious knock-on effects

On the face of it, the Central Bank’s recent proposals to limit lending to borrowers are probably not a bad thing. If it can help prevent bonus-driven lending and feckless borrowing, then well and good.

The measures, admitted by their proposers to be crude, are probably designed to be part of a long-term housing affordability framework; they are definitely designed to try to prevent any credit- fuelled bubble.

Their crudity is also their strength – very few lenders or borrowers will not understand them. Whether lenders adhere to them, or find ways around them, is another issue.

Read the full story in the Irish Times

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote

 

Categories
Real Estate

E-conveyancing could reduce transaction to five days

The development of a fully electronic conveyancing system will reduce the total transaction time for buying a house to as little as five days, the Law Society has said.

Welcoming the Government’s pledge to deliver an e-conveyancing system in the Construction 2020 strategy, published on the eve of the local elections, the representative group for solicitors said home-buyers would reap the rewards of a “transformed” system.

Read the full story in the Irish Times

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote

Categories
Real Estate

Full steam ahead as property recovery predicted to continue

There is around €5bn in requirements looking for opportunities, with IBRC, Ulster Bank and NAMA seen as the key strategic vendors supplying the market with substantial portfolios of loans and assets.

Many buyers are looking for scale with an expectation there will less pressure on pricing if they compete for larger lots as there should be a thinner market of buyers. Key purchasers for these include Kennedy Wilson, Lonestar, Hibernian REIT, IPUT, Irish Life, Blackstone, Apollo, Hines, Green REIT, Brehon, Pimco, Avestus and Signature Capital.

 

As the portfolios become more diversified, purchasers are looking to partner up to ensure they are competitive on pricing and have the right mix of skills. Buyers driving the deals are a combination of REITs, pension funds, asset managers, international opportunistic funds, international institutions and private investors.

Read the full story in the Irish Independent

If it’s a Structural Survey Report (Building Survey Report, House Survey Report, Home Survey  Report, Property Survey Report, Condition Survey, Commercial Survey or Land Survey, ABL Surveyors are a firm of Chartered Building Surveyors with vast experience who will provide a professional, cost effective and efficient service to all our clients. Each inspection is carried out by a Chartered Building Surveyor (Building Surveyor, Home Surveyor, House Surveyor, Property Surveyor, or Land Surveyor) who has vast experience in their relevant field of Surveying.

We have offices in Navan, Dundalk and Dublin and also cover the surrounding counties and will travel nationwide if required.

ABL Surveyors are a member of the Society of Chartered Surveyors Ireland and holds full professional indemnity insurance cover.

In the event that you require any of these services, ABL Surveyors are the right choice for you so please contact us for a quote