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Trading Up Needs a Helping Hand

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According to the Irish Independent today:

“The rise in the volume of first-time buyers has pushed up the overall number approved for a mortgage. New figures show that almost 4,200 mortgages to the value of €960m were approved in November. The Banking and Payments Federation said the strongest growth was evident with first-time buyers, where the number of mortgages was up 8.6pc on the year.”

This is all very true but I feel the 20% deposit for the trader upper market has slowed this end of the market greatly and something needs to be done to help buyers trading up to a larger home!

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    Lorraine Mulligan
    Director
    M.I.P.A.V. M.C.E.I. TRV
    REMAX Results
    Celbridge & Lucan

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