Monthly mortgage repayments fall by €700

HOMEOWNERS are spending almost €700 less per month on their mortgage repayments, but experts said it has never been harder to get a home loan.

Monthly mortgage repayments fall by €700
Tue, 25 May, 2010 - 01:00
Niamh Hennessy

The latest housing affordability index shows that the average first-time buyer working couple is paying just 12.6% of their joint income on their mortgage compared with 26% three years ago.

The average monthly repayments in April were €644 compared with €1,323 in December 2006.

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