Column: Feeling like an exile in your own country? It’s normal after travelling ...
Within the space of a year, it seems to me that the country has changed utterly. This may be due to a case of reverse culture shock, writes Niamh Ní Shúilleabháin.
Your contributions will help us continue to deliver the stories that are important to you
Within the space of a year, it seems to me that the country has changed utterly. This may be due to a case of reverse culture shock, writes Niamh Ní Shúilleabháin.
The last time bank executives provided updates to the Finance Committee they were criticised for not being direct enough.
“One bank’s sustainable solution could be another bank’s unsustainable mortgage leading to repossession proceedings,” Fianna Fáil’s Michael McGrath said today.
The deal was negotiated on the family’s behalf by the Irish Mortgage Holders Organisation.
The protection available to consumers when they take out credit is still inadequate – despite all the promises that were made after the crash, writes Noeline Blackwell.
The new figures show that 168 properties were taken into possession by lenders in the last quarter of 2013.
Some IBRC mortgage holders have concerns about about being left without protection if the Government proceeds with the sale of their loans abroad – but they shouldn’t be, writes Karl Deeter.
Jillian Godsil says the personal insolvency laws are not designed for ordinary people saying she had no other option but to file for bankruptcy.
It also suggests that many ‘commuter migrants’ choose that lifestyle as a way of tackling large mortgages.
It is understood that the product will only suit some people whose mortgages are in distress.
Rent are rising but our pay packets aren’t. Why? Because our housing strategy is based almost exclusively on debt-fuelled private home ownership, writes Mick Byrne.
The Irish League of Credit Unions says disposable income has risen by almost €50 since December 2012 to €182 left at the end of the month.
A new report says that 40 per cent of mortgages will begin to re-perform next year.
What is debt, and why do we all buy into this debt culture? Jillian Godsil discusses her own financial problems and the unsustainable status quo of modern Ireland.
DDI had complained that LMFM had created the impression that Ben Gilroy had expressed anti-English sentiments at an abandoned distressed property auction.
ECB president Mario Draghi has cut the rate for the fifth time in two years.
A new initiative spearheaded by the Irish Mortgage Holders Organisation aims to help these borrowers and others who are reluctant to engage with the banks, writes Dr Constantin Gurdgiev.
The bank will give an unconditional grant of €150,000 to the IMHO to facilitate discussions between borrowers and the lender.
Mortgages were declined at an annual rate of 2.4 per cent in September of this year.
With property prices increasing in some parts of the country – and notably in Dublin – Ronan Lyons discusses whether we’re looking at a housing boom or a housing bubble.
Everyone’s talking about junior doctors going on strike, AIB saying some customers just don’t want to pay their mortgages, and John Waters (briefly) going to jail.
Everyone’s talking about Ireland’s emigration figures and whether the UK is going to take military action in Syria.
Today everyone’s talking about earthquakes in the Irish Sea and the last stand of Priory Hall residents.
Plus: how many times has the Council of State met since 1940?
The bank said that the fund is being rolled out in response to existing and anticipated demand for mortgages.
FLAC noted a “striking” rise in queries about housing such matters, which were up almost 70 per cent since 2011.
Sigmundur David Gunnlaugsson says he will ignore the IMF’s criticism of his government’s plans to reduce household debt following the country’s economic collapse.
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.
The residents evacuated from Priory Hall are the only people who have paid in any way for the problems uncovered in the buidling, writes Alison Doyle.
The bank says that, after setting funds aside to provide for bad debts, it should return to operating profit for the full year 2013.
Determination, resolve and belief is what you need to overcome your debt problems, says financial expert Liam Croke who has some tips to help.
Enda Kenny’s attempt to reassure women over the insolvency controversy does not go far enough, writes Irene Gunning, who says without any form of subsidy, supports or tax relief, childcare costs are borne fully by parents, limiting job options.
Banks need strict supervision – they have crippled us and can’t be allowed run free, writes David Hall.
Minister for Finance, Michael Noonan, said that targets will be set for banks with regard to these mortgages, which will be monitored.
The citizen-run Platform for Mortgage Victims helps people who can’t pay their mortgages and says it has blocked almost 600 evictions so far.
Comments by the Central Bank Governor and the Taoiseach reveal unhappiness over how lenders are dealing with their customers’ over-indebtedness – so why is nothing concrete being done to regulate them, asks Noeline Blackwell.
The Minister for Justice said the right for banks to repossess a home when a person defaults already exists in mortgage contracts.