Government agrees to close loophole preventing banks repossessing homes
The agreement was made in a memorandum sent by Finance Minister Michael Noonan to the Troika.
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The agreement was made in a memorandum sent by Finance Minister Michael Noonan to the Troika.
The mortgage relief measure introduced in last year’s Budget will come to an end this month.
When asked what consumers will do with spare cash, half said they would use it to pay off debt.
The CSO’s Residential Property Price Index shows property prices fell nationally by 0.6 per cent in the month of October.
Around 60% of first time buyers believe banks aren’t lending according a new MyHome.ie survey.
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Figures revealed for the first time show that 38 per cent of mortgage applications were rejected last year.
A panel of 1,000 accountants – paid for by the banks – will become available to mortgage holders from the middle of this month.
Seamus Sherlock, ‘Life After Debt’ campaigner, said he feels like the bank is trying to ‘make an example’ of him.
Meanwhile, half of respondents to Sponge It survey say they think Ireland will be out of recession by 2016.
Bank CEO says H1 2012 has been a difficult environment to operate in, given ongoing eurozone difficulties and challenges to the Irish economy.
The bill includes measures to help mortage holders out of debt, with one TD saying it “has the potential to help families sleep easier at night”.
Is the new scheme to help distressed homeowners unfair? Does it benefit the big banks? Simon Brooke of Clúid answers the tough questions.
Thomas Daigle made the final payment on his Massachusetts home that he bought with his wife in 1977, the year he started saving up the pennies.
Proposed legislation to reform Ireland’s bankruptcy regime were unveiled this week. Do you think they’ll help?
The protesters are demonstrating against the eviction of Brendan and Asta Kelly from their home in Killiney yesterday.
The bank has launched two new options – Trade Up Negative Equity and Trade Down Negative Equity – that will allow greater numbers of customers in negative equity to move home.
Brendan Kelly spoke to Spin 1038 in the minutes before bailiffs forced him and his wife from their Killiney home.
Later this month, they will hear if Dublin City Council has to provide them with temporary accommodation. The residents are requesting that mortgage providers suspend their mortgages until a solution is put in place.
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Matthew Elderfield says Ireland’s mortgage arrears problem is going to get worse before it gets better.
Janice Sparhawk, 72, had fallen behind on her mortgage. So her grandson Noah sprang into action.
Independent TD Stephen Donnelly says he expects his Family Home Protection Bill to be defeated in the Dáil but he hopes it can influence the personal insolvency legislation published by the government last week.
At the same time, one-fifth of all mortgage holders are believed to be having difficulties in meeting mortgage repayments.
The ECB has announced a cut in interest rates – but AIB, Ulster Bank and National Irish Bank have all said they won’t pass on the cut to mortgage customers.
The bank is expected to announce its second rate cut in five weeks as EU leaders travel to Brussels for a eurozone crisis summit.
The move comes one day after Finance Minister Michael Noonan announced a range of measures in the Budget encouraging people to buy homes.
New Beginning is spearheading an intiative to bring together groups and individuals concerned about mortgage defaulting in Ireland – with a spokesperson saying it will bring power in numbers.
Daft.ie and MyHome.ie have released their latest figured for house prices in the third quarter of the year…
European Central Bank officials will meet in Frankfurt today to make a decision that will affect Irish homeowners.
With Ireland at the bottom of the table when it comes to falling property prices, we’re asking if it’s a good time to put down a deposit…
The standard variable mortgage rate is going up, as are rates on personal credit cards and personal variable loans.
The Standard Variable Rate is going up by a quarter of one per cent from 1 August.