Atlantic International Partnership Funding Group: Tips for First-time Buyers
First-time Buyers will benefit as agency poised to offload homes
By Charlie Weston Personal Finance Editor.
The move by state property agency the National Asset Management
Agency...
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Atlantic International Partnership Funding Group: Tips for First-time Buyers
First-time Buyers will benefit as agency poised to offload homes
By Charlie Weston Personal Finance Editor.
The move by state property agency the National Asset Management
Agency (NAMA) to sell off the residential properties on its books could be good news for first-time buyers, property
experts said yesterday.
Those who take up the deal could end up with more favourable mortgage terms.
Details of how the process would work are still being put together.
But it is likely that NAMA will drip release properties for sale through estate agents.
It will need to be careful not to flood the market at any one time with too many keenly priced properties.
NAMA controls the loans attached to thousands of residential-property units, which are mainly in Dublin.
Anyone who wants to buy a NAMA apartment or house would view the property through an estate agent and if they
agree to buy, could get a special mortgage deal.
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