Michael McGrath, Fianna Fáil finance spokesman, has turned up the heat on the debate about the best ways to lower the still elevated levels of mortgage arrears, saying one approach — the so-called mortgage-to-rent scheme — is not working as it should.
Sat, 04 Jun, 2016
The Insolvency Service of Ireland (ISI), which oversees the country’s new debt resolution procedures for the thousands of households still facing debt, said its latest figures show that the new regime has so far helped people struggling with an aggregate of €3.75bn in debt.
Tue, 13 Oct, 2015
Mortgage advocates have called for the country’s legal system to be given greater powers in the protection of distressed mortgage holders following the revelation that every major lender is in breach of the Central Bank’s code of conduct.
Thu, 25 Jun, 2015
The Government’s decision to introduce consumer protection legislation for unregulated firms “is merely window dressing” and will have very little impact on customers in mortgage arrears, according to Ross Maguire from financial advice group, New Beginning.
Tue, 22 Jul, 2014
Strict new deadlines for banks to conclude deals with mortgage holders in arrears of more than three months will see a rise in repossessions because it will force banks to “go after the low-hanging fruit”, warned the barrister Ross Maguire from the advocacy group, New Beginning.
Wed, 18 Sep, 2013
Homeowners are being warned that collection of the new Local Property Tax will be strictly enforced and that any unpaid taxes, plus late payment interest, will have to cleared before their property can be legally sold or transferred.
Thu, 06 Dec, 2012