Ulster Bank sells portfolio of 3,175 mortgages to Pepper
There are 2,800 home loans and 375 buy-to-let loans included in the portfolio.
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There are 2,800 home loans and 375 buy-to-let loans included in the portfolio.
There are no plans at present to extend the offer to mortgage customers of private households.
The numbers don’t stack up on claims that the scheme is a primary influence on an entire market, writes Karl Deeter.
Dilosk has up to €200 million in finance for property buyers.
Jonathan Corrie died two years ago today and homelessness in Ireland is worse than ever.
Nearly a year after its launch, London-based Property Partner has its sights on international markets.
The headline number of arrears has fallen, but ultra long term problem loans continue to climb.
At the current rate, it will take 44 years to clear the buy-to-let arrears backlog.
Debts owed across the board continue to fall, but buy-to-let loans are coming down at a slower rate.
New data from the Central Bank also show mortgage arrears declining, although long term problems remain.
The works are expected to take two years to complete.
The latest MOU between the Irish government and the Troika shows that steps have been taken to ensure that when repossession is merited, the procedures will be “timely and accurate”.
There’s a crisis in the buy-to-let sector due to landlords falling into mortgage arrears and innocent tenants are getting caught in the chaos. Receivers have to realise people renting properties are not commodities, writes Bod Jordan.
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.
As painful and as stressful as it will be for those involved, do large scale property repossessions need to take place for Ireland to recover?
State-controlled AIB will participate in the Keane Report’s suggestion allowing struggling mortgage holders to rent their homes.