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Thursday 30 March 2023 Dublin: 8°C

# Negative Equity

All time
# Loadsamoney
Rolling in it - the richest counties in Ireland are...
Latest figures from the CSO highlight worrying levels of indebtedness in the east of the country…
Voices
Opinion: Game over for mortgage affordability?
In many areas property is simply unaffordable, again – yet our political class seems to regard the ‘recovery’ in property prices as only a good thing.
# up up up
Good news: Fewer homes are in negative equity
The author of the report David Duffy says it is expected house prices will continue to increase in 2014.
Voices
Opinion: Lack of mortgage affordability now rivals the bubble era
It’s a reality we can no longer ignore – mortgage affordability is little better now than it was at the height of the boom.
Voices
Opinion: How can we revitalise rural towns? Simple – take some of the risk out of doing business
The key to taking advantage of the bounce-back is to remove some of the fixed costs involved in starting up a business (or keeping one going).
# PTSB
New mortgage deal allows those in negative equity to trade up or down
The new initiative will also allow those on trackers to move house without losing their cheaper loans.
Voices
Column: House prices are rising again, so should we be concerned about a bubble?
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.
Voices
Column: Legal protection of “accountant” is an essential matter of public protection
You don’t have to look too far to see the consequences of bad financial advice in Ireland – and yet anyone can set themselves up as an accountant, without education, qualifications or experience, writes Joe Aherne.
Voices
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.
# Auction
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.
# Gaeilge
Céard? 17 words from modern Ireland, in Irish
Have you ever sent a ‘tvuít’ about the ‘tarrtháil’?
# Negative Equity
Hands up if you had Jonathan Walters in your Fantasy Football team today?
It was a BAD day at the office for the Ireland striker.
# CSO
Residential property prices fell by 8.1% from January to October
The CSO’s Residential Property Price Index shows property prices fell nationally by 0.6 per cent in the month of October.
# Budget 2013
Government 'open to suggestions' on ideas to free negative equity families
Brian Hayes says he believes new products being rolled out by banks should include options for people who can afford their mortgages, but whose properties are unfit for their families.
# Mortgages
NAMA may extend pilot mortgage scheme to another 630 homes
NAMA says 32 of the 115 properties made available under its ’80:20′ scheme two weeks ago have been taken already.
# Mortgage Arrears
10 per cent of Irish mortgages are in arrears says Central Bank
1 in 10 mortgage holders are at least three months behind with repayments according to the new figures.
Voices
Column: The mortgage crisis is stoked by mistrust. Here’s how we might fix it.
Aggressive banks are making mortgage resolution impossible, writes David Hall of New Beginning – and suggests a way to restore trust between lenders and borrowers.
# Mortgages
NAMA pilot mortgage programme to insulate buyers from negative equity
NAMA’s pilot scheme will encourage first-time buyers to buy houses by protecting them from a 20pc fall in house prices.
# Bank of Ireland
Bank of Ireland introduces new mortgage options
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.
# NAMA
Nama to claw back €500million in assets
The agency expects to recover assets which debtors tried to put beyond its reach, its chairman Frank Daly has said.
# backwards bid
Reverse-bid auction “our only chance to sell our home”
Following TheJournal.ie’s story on unusual house sale in Westmeath, another Midlands couple says negative equity has forced them to look at alternative. But will it work?
Voices
Column: Why the household charge is a ‘gateway tax’
Socialist TD Clare Daly is suggesting that it might be time to revive the Irish-coined concept of boycott instead of complying with the €100 household levy.
# Mortgage Debt
Permanent TSB charging "subprime" and "usury" variable rate - O Cuiv
State-owned financial institution should be forced to reduce its “punitive” mortgage rate, Dáil hears.
# Debt forgiveness
Negative equity should not mean debt forgiveness - Rabbitte
The communications minister says “blanket debt forgiveness” is not an option, but that banks should write off loans where there’s a genuine inability to pay.
# Mortgage Debt
Writing off mortgage debt is an "emergency" need
Chorus of calls for Government to organise a mortgage debt relief scheme for worst-off householders builds to crescendo – and now a government junior minister is backing it…