Allsop Space won’t auction repossessed homes
Property group Allsop Space has signed an agreement committing that neither it nor its subsidiary companies will offer repossessed family homes for sale at auction. The company signed the deal with the...
View ArticleIMHO welcomes Central Bank announcement on mortgage arrears
The Irish Mortgage Holders Organisation has welcomed the announcement by the Central Bank that 15% of mortgage holders in arrears above 90 days should have agreements completed by the end of December....
View ArticleECB president rules out further reduction in interest rates
European Central Bank president Mario Draghi has ruled out another reduction in interest rates. There had been speculation that the ECB might drop their key interest rate below its current historically...
View Article€20m fund announced for distressed local authority mortgage holders
Minister for Housing and Planning, Jan O’Sullivan, has announced a new €20m fund to assist the most distressed local authority mortgage holders. The fund will be used to offer the ‘mortgage-to-rent’...
View ArticleAIB considering slashing interest rates for some of those in arrears
AIB is considering slashing interest rates for some mortgage holders who are in arrears. The bank is examining the option of reducing interest rates for some homeowners as low as 0.5%. It is expected...
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Mortgage initiative "not in interest of borrowers"
A new government scheme offering free financial advice to struggling mortgage holders is flawed, according to New Beginning. The group of legal experts who offer free counsel to help people avoid...
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AIB increases mortgage rates by 0.5%
AIB will increase its variable mortgages rate by half a percentage point from 3.5% to 4% from Tuesday November 13th. This is the second rate rise by the bank in as many months and will add around €30 a...
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Taoiseach calls on banks to engage with those in mortgage arrears
Enda Kenny The Taoiseach Enda Kenny has told banks to “get up and do it now” and engage with mortgage holders in distress. It comes after the Central Bank’s Fiona Muldoon, claimed financial...
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Mortgage holders continuing to struggle, insists MacSharry
Sligo senator Marc MacSharry Struggling mortgage-holders across the country need to see a complete change in direction from the Government in its dealings with the banks, according to Fianna Fáil...
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EU-wide mortgage protection deal on the way
New rules on strengthening the rights of mortgage holders are expected to be agreed in Brussels later today as negotiations under the Irish presidency of the European Union reach their conclusion....
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