Mortgages
# mortgages - Thursday 13 June, 2013
Back for good? Irish lenders promoting 90 per cent mortgages
KBC Bank is now actively seeking candidates for 90 per cent loans, but did you know other lenders are making similar offers?
Under 50s stop saving as they struggle to pay off mortgages
It is thought that the deadline for property tax registration may have triggered this.
# mortgages - Tuesday 11 June, 2013
Fall in personal loans and holiday home mortgages as households pay off debt
Figures from the Central Bank also show a very slight increase in savings.
# mortgages - Wednesday 5 June, 2013
Increase in AIB’s mortgage interest rates takes effect today
The 0.4 per cent increase in the standard variable rate, from 4.0 to 4.4pc, had been announced in late April.
# mortgages - Wednesday 29 May, 2013
The Evening Fix… now with 300 extra Kate Bushes
Here are the things we learned, loved and shared today.
# mortgages - Thursday 23 May, 2013
Almost 95,000 mortgage holders are in arrears
Some 27 per cent of buy-to-let loans worth €8.4 billion were over 90 days past due at the end of 2012 according to the Central Bank’s latest review.
# mortgages - Wednesday 22 May, 2013
Noonan: Mortgage interest rates must increase to ensure profit for taxpayers
The banks would lose more if they lowered their mortgage interest rates below the current amounts, the minister says.
# mortgages - Sunday 19 May, 2013
Column: Game, Set and Match to the Banks
The extent to which banks are running Ireland and Europe is clearly shown by the recently published Insolvency Guidelines and Rules, writes Dave Hughes.
# mortgages - Monday 29 April, 2013
Permanent TSB to overhaul mortgage interest rates for new customers
From this week, interest rates will vary for new customers depending on the amount they borrow and the value of the house.
# mortgages - Thursday 25 April, 2013
Gilmore says AIB mortgage hike is “a commercial decision”
The Tánaiste says the government’s focus is on dealing with mortgage arrears, rather than directly controlling interest rates.
# mortgages - Tuesday 16 April, 2013
Revenue to waive tax on sale of properties for owners in arrears
The ruling will allow for banks to come to a new arrangement with mortgage holders to write off some of their debt without incurring extra charges.
# mortgages - Friday 12 April, 2013
Mortgage holders in arrears are older and more likely to have children – report
A survey conducted by MABS indicated that over 36 per cent of mortgage clients were unemployed.
# mortgages - Monday 8 April, 2013
IMF: Bank losses and IBRC wind-down could cost taxpayer another €16bn
The IMF says NAMA may need to be compensated if it pays more than the market price for IBRC assets.
# mortgages - Wednesday 3 April, 2013
IMF: European help, progress on mortgages crucial to exit from bailout
The IMF’s latest quarterly review of Ireland’s progress says progress on dealing with mortgage arrears is a make-or-break.
# mortgages - Tuesday 26 March, 2013
Property prices continue to drop, down 1.5pc in February – CSO
Residential property prices in Dublin fell by 0.3% last month, while the rest of the country experienced a drop of 2.1%.
Revenue assures that mortgage write-offs won’t be subject to tax
The Revenue Commissioners says it considers a mortgage write-down to be a commercial act and not a ‘gift’ for tax purposes.
# mortgages - Monday 25 March, 2013
FF publishes bill to remove bank veto from insolvency regime
Fianna Fáil’s legislation would also create an independent Mortgage Resolution Office with the power to make binding orders.
Mortgage write-offs ‘could be subject to 33pc tax’
An accountants’ body says it believes any debts written off a person’s mortgage could be subject to Capital Gains Tax.
# mortgages - Wednesday 20 March, 2013
UK to slash corporation tax rate and offer tax credits for fracking
George Osborne has halved his projections for economic growth for Britain this year, and offers a new mortgage stimulus.
# mortgages - Saturday 16 March, 2013
Popes, parades and Gay Mitchell : The week in numbers
How long is the Patrick’s Day parade in Dublin? And how many years has it been since there was a pope from outside Europe?
Noonan: Claim about strategic mortgage defaulters is ‘wholly anecdotal’
The Finance Minister has dismissed a claim that as many as 35 per cent of mortgage arrears cases in Ireland are a result of strategic default where a borrower chooses not to pay their mortgage.
# mortgages - Thursday 14 March, 2013
Leaders’ Questions: Concerns over banks’ role in mortgage arrears plan
Micheál Martin also questioned the Government about home repossessions following comments by Matthew Elderfield.
David Hall: Mortgage arrears plan is a ‘horrific step for mortgage holders’
Hall also said that it was facts and statistics that showed progress on the issue, “not fiction and not spin”.
# mortgages - Wednesday 13 March, 2013
Banks ‘do not have a veto’ to block insolvency deals, insists Kenny
Enda Kenny denies that the personal insolvency legislation gives banks the chance to totally block any debt relief.
The 9 at 9: Wednesday
Good morning. Here are the nine stories you need to know as you start your day.
# mortgages - Tuesday 12 March, 2013
Kenny defends Government’s stance on dealing with mortgage arrears
Micheál Martin suggests that the government is only now dealing with the problem because of the Meath East by-election.
# mortgages - Saturday 9 March, 2013
The Evening Fix… now with added dancing in speedos
Here are all the things we learned, loved and shared today.
Doherty condemns AIB use of non-disclosure agreement for mortgage deals
Buy-to-let borrowers signing the agreement are requested not to disclose any details of negotiations with the bank, including the fact that they are happening.
# mortgages - Friday 8 March, 2013
Finance Minister ‘disappointed’ banks haven’t dealt with personal debt
New mortgage figures show that 94,488 mortgage accounts are in arrears of more than three months.
# mortgages - Wednesday 27 February, 2013
‘Under-collection error’ means 1,300 Ulster Bank customers face €41m bill
Mortgage customers at the bank were under-charged in recent years resulting in the shortfall that will now need to be repaid by these customers. The bank has apologised.
# mortgages - Friday 22 February, 2013
McDonald criticises plan to take property tax from bank accounts
The Sinn Féin TD said the idea was “simply wrong” at a time when households are experiencing financial distress.
# mortgages - Wednesday 20 February, 2013
The 9 at 9: Wednesday
Good morning. Here are nine things to know as you start your day.
# mortgages - Wednesday 13 February, 2013
Personal insolvency agency to open ‘early in the summer’ – Taoiseach
Enda Kenny told the Dáil that he was not happy with the banks’ level of resolution of cases where customers are in mortgage arrears.
Patrick Honohan: ‘Household financial distress is at unprecedented levels’
The Governor of the Central Bank said that banks will have to act more “ pro-actively” and “liberally” in respect of those who cannot realistically pay their mortgages.
# mortgages - Thursday 7 February, 2013
Clare hotel and Dublin Georgian house in distressed property auction
The Kilkee Bay Hotel has a maximum reserve of €315,000 while a bar in Clifden, Galway has a reserve of €450,000.
# mortgages - Thursday 31 January, 2013
Complaints to Financial Services Ombudsman up 12% last year
Figure show that 40 per cent of all banking complaints related to mortgages.
Irish Banking Federation agrees new initiative to help distressed borrowers
The new initiative is designed to help people struggling with their debt to stay in their homes.
# mortgages - Friday 11 January, 2013
New insolvency regime may not help troubled mortgage holders – Troika Exclusive
The Troika has raised concerns about the effectiveness of the new personal insolvency law that is aimed at helping the country’s many distressed mortgage holders.
# mortgages - Wednesday 9 January, 2013
House prices could fall another 20 per cent, warns Fitch
The ratings agency says a large housing oversupply, combined with growing mortgage arrears, will keep prices down.
# mortgages - Saturday 15 December, 2012
Here is the week’s news…skewed
Breaking via The Mire wire: Kerry priest tells children there is no God; Government pledge to help homeowners become homeless; Craig Doyle = why?























































