Posted by on

Central Bank Review of Mortgage Rules

The Central Bank has decided not to change the core elements of its mortgage rules after it conducted a recent review of all measures.

The regulator said the loan-to-income and loan-to-value limits will remain unchanged for next year.

However, minor amendments have been made to the mortgages that can be issued outside of the lending restrictions.

Currently, first-time buyers can borrow up to 90% of the value of a property, with a limit of 3.5 times their incomes.  This will remain unchanged for 2018.

Second and subsequent buyers can borrow up to 80% of the value of a property.  Banks are allowed to make exceptions to this rule in 20% of cases.  From January, this will be reduced to 10% of cases.

The equivalent exception rate for first-time buyers remains at 20% of cases.

Posted by on

Reasons we love life in Wexford – Family Life!

Sarah tells us why Wexford is a great place in which to live and to raise a family. . .

Moving the family to Wexford 11 years ago was one of the best decisions we ever made.  We feel very lucky to have the opportunity to bring up our family in this beautiful county, in a safe and happy environment.

Wexford has everything a family could ever wish for, miles and miles of beautiful sandy beaches, forests, an amazing Opera House, theatres, festivals, restaurants, great shopping and much more.

Because of all Wexford has to offer, our children will grow up being able to sail, swim, play rugby, tennis etc. and will take these skills and memories of their childhood with them into their adult years.  Memories they will hopefully, treasure forever!

Sarah Kearney, Finance Director

Posted by on

Irish Water to Refund 990,000 Households

Irish Water will soon begin the process of refunding approximately 990,000 households who paid their water charges.

The Government recently passed the early stages of the Water Services Bill and so, we can expect to receive our refunds in the coming months.

Irish water have set up a new section on their website that provides full information relating to these refunds.  Here, you can check how much of a refund you are due and what to do if you’ve changed address.  Questions are also answered in relation to the Conservation Grant and states that the amount of the grant will not be deducted from the refund.  Visit https://www.water.ie/for-home/refunds/

Refunding water charges will cost the Exchequer in the region of €178m, including administrative costs of €5.87m.

Posted by on

Reasons we love life in Wexford – Unique Atmosphere!

One of our true Wexfordians, Jeanette, tells us why she loves living in Wexford. . .

“There’s an atmosphere in Wexford (in a good way!) like no other town in Ireland! What is really unique is that this atmosphere seems to change depending on the time of year.

In Summer, there is a very real holiday atmosphere.  Many visitors come to our town, there is a plethora of festivals and events taking place and all this activity creates a certain buzz and excitement.  My favourite things to do on a sunny day in Wexford are to take a picnic to John F. Kennedy Park or spend an evening on one of our beautiful beaches.

When the sun sets on Summer and Autumn rolls in, the atmosphere is equally as exciting but in a very different way.  Wexford Opera Festival commences, along with Wexford Spiegeltent Festival and a very varied Fringe Festival.  There’s nothing like wrapping up warm during Festival time and walking beneath the Festival lights through town at night.  A lovely time of year for a night out in one of my favourite restaurants also.  By day, it’s a great experience to visit the various exhibitions on during this time.  I wouldn’t live anywhere else!”

Jeanette O’Hanlon, Office Manager and Letting Administrator

Posted by on

Reasons we love life in Wexford – Relaxed Lifestyle!

Kearney Property, Wexford

At Kearney & Co, some of us were born and bred in Wexford and some of us are Honorary Wexfordians!  Regardless of our heritage, we all agree that Wexford is a great place to live.

John tells us his reasons why life is great in Wexford. . .

“Nine years ago, I made the decision to relocate from London to Ireland and I’m very glad now that the County I settled in was Wexford.  It’s a terrific County in which to raise a family.  There’s a great choice of schools and plenty of children’s activities.

There are many clubs and societies that the whole family can get involved in together.  Wexford Wanderers Rugby Club and Wexford Harbour Boat and Tennis Club are the favourites in our house!

Schools, clubs and work are all very accessible and this leads to a relaxed lifestyle.  The morning commute is straight forward and stress-free and getting from A to B isn’t a problem – just as well, as I spend a lot of time ferrying the children around!

I’m not sure if it’s the lack of traffic jams or the sea air but life is definitely more relaxed in Wexford.”

John Kearney, Managing Director and Auctioneer

Posted by on

New Builds by Wexford Low Energy Homes

Resurgent Wexford developer is growing in confidence as prices increase throughout the county.

Gleann an Ghairdín in Gorey is the latest development brought to market by the Wexford developers, Wexford Low Energy Homes.

From Enniscorthy and now based at the new development in Gorey, Wexford Low Energy Homes is very much a family affair, owned by Dan Morrissey with several members of the family contributing to their continued success.

Currently halfway through the sale of Ard Uisce, a 50 house development in Wexford Town, the opportunity arose last year to build on this wonderful site on the Ballytegan Road, less than half a mile from Main Street, Gorey.

These 22 classic three bedroom semi-detached houses are A rated with well insulated cavity block construction and PV Solar panels.  With a smooth render to the front, they have low maintenance but modern looking pebble dash to the sides and rear.

The gardens are generous and each is surrounded with proper block walls and to the front there is a concrete driveway allowing for off street car parking.

The development itself has a stylish stonewall entrance marking it out as a desirable address from the start.

Inside, the design is contemporary with mock fireplaces and the option of a stove if desired.  Modern Shaker style kitchens from Cedarwood Kitchens can be taken as standard or again can be upgraded if desired.  You can also design your own kitchen from scratch should you wish.

The same options are available with both bathrooms and tiling, there is a standard package available but any modifications or upgrades are allowable provided this is all agreed in advance of the roof going on.

We find that a lot of the younger first time buyers are amazed and delighted by this flexibility which hasn’t been in the marketplace for some seven or eight years.

Currently priced at €240,000 for the three bedroom semi-detached model (Four left) and €265,000 for the three bedroom detached model (Only one left).

These prices reflect Gorey’s easy commuting distance to Dublin and for those for whom this is not an issue there is still great value to be had down in Wexford Town where the three bedroom detached model is still only €220,000.  There are also four bedroom detached houses available from €240,000.

Choices for everyone with Open Viewings this Saturday 29th April at:
Ard Uisce, Wexford Town from 10.30am to 12noon and
Gleann an Ghairdín in Gorey from 2pm – 3.30pm

Kearney & Co are sole letting agents for both these developments, so contact us for further information.

Posted by on

Ard Uisce, Whiterock Hill – Selling Fast!

We have all read the reports about the current state of the property market in Wexford and around the country.

Well here’s our report!  Recently, we launched phase-2 of Ard Uisce, Whiterock Hill, Wexford.  Already, 9 of these houses are sold, so there are only 15 remaining for sale.

The developer of Ard Uisce is Wexford Low Energy Homes, who are renowned for their ability to deliver A-rated energy efficient homes using solid, traditional block construction.  All boundary walls and back garden walls are also constructed from concrete blocks.

Yes, newly built developments are not too common at the moment but we have no doubt that the exceptional quality, high standard and high specifications of these houses are the reasons they are selling quickly.

Many of these houses have stunning views of Wexford Harbour.  There are 6 house types ranging from 3-bed terraced to 4-bed detached.

Prices start from €200,000.

For more information, click here.

Posted by on

Ard Uisce Open Day – Saturday, 21st January 2017

Come along to the launch of our phase-2 show houses at Ard Uisce, Whiterock Hill, on Saturday 21st of January at 2pm!

There are 24 A-rated, block built homes in this phase, many with stunning views of Wexford Harbour.  There are 6 house types ranging from 3-bed terraced to 4-bed detached.

The developer of Ard Uisce is Wexford Low Energy Homes, who are renowned for their ability to deliver A-rated energy efficient homes using solid, traditional block construction.  All boundary walls and back garden walls are also constructed from concrete blocks.

Prices start from €200,000. Information will be available on the day on the new Help-to-Buy Mortgage Relief Scheme for first time buyers.

For more information, click here.

Posted by on

‘Help to Buy’ Scheme – A Government Initiative to Help First Time Home Buyers and Increase the Supply of New Houses

The ‘Help to Buy’ scheme applies to first time buyers, or those self-building, a new residential property between the 19th of July 2016 and the 31st of December 2019.  The scheme opened for applications last week.  The key qualifying criteria are:

  1. The first time buyer must never have bought or built a residential property before, either individually or jointly
  2. All parties to the purchase or self-build must be first time buyers
  3. The property must be a new property
  4. The property must the purchaser’s home – it does not apply to investment properties

The incentive provides for a refund of income tax and DIRT paid over the previous four tax years.  The refund will be 5% of the purchase value of the new house, up to a maximum value of €400,000.  Therefore, the maximum refund applicable is €20,000.

For example, if purchasing a 3-bed semi-detached home in Ard Uisce, Whiterock Hill, valued at €200,000; a first time buyer eligible under the scheme, would be entitled to a rebate of €10,000.

Before you apply, certain criteria must be met and forms completed.  You can download the forms here.

, Posted by on

Tips to Reduce Your Home Heating Bills

The weather in Wexford and across the country, has certainly been colder in recent weeks! In this colder weather, our heating systems are turned on for longer periods in our homes.  This can prove to be costly.  Making a few small changes can add up to big savings.  Here are our tips to save you money on your heating:

  • Check your window seals. These can wear over time, causing gaps and heat to escape.
  • Even a little sunlight will help heat your home naturally, so make sure curtains and blinds are open during the day.
  • Once the sun goes down, close curtains and blinds. This will help to trap heat in the room.
  • Ensure your attic is insulated to avoid heat escaping through the roof.
  • Bleed your radiators to make sure they are working as effectively as possible. This will avoid heating being switched on for longer than necessary.
  • Don’t have your thermostat set too high. It shouldn’t be over 20 degrees.  Lowering it by even 1 degree could reduce your bill by 10%.
  • Turn off radiators in rooms that you’re not using, then keep doors closed to help minimise the space you’re heating.
  • Carpeted rooms retain heat better than other flooring types. If you don’t have carpets, consider adding rugs.