Central Bank data shows slight fall in mortgage arrears

Just under 63,000 Irish mortgages were in arrears at the end of March, new figures from the Central Bank show.

More

No Consent, No Sale bill 'should be no-brainer'

Protections for mortgage holders will dramatically diminish if the sales of non-performing loans to so-called "vulture funds" continues, campaigners have claimed.

MORE

SF 'No Consent, No Sale' bill could have 'severe unintended consequences', says Central Bank

A senior official at the Central Bank has stated that the Sinn Féin bill giving mortgage holders a veto on their loans being sold to so-called ‘vulture funds’ “will have potentially severe unintended consequences”.

MORE

Mortgage firm in ‘significant move’

New mortgage lender Finance Ireland has signalled its plan to make a splash in the market by matching the lowest variable and fixed-rate mortgages from the large banks.

MORE

FF Call for mortgage ‘gimmicks’ to be banned

Significant reforms in the mortgage market have been called for after figures reveal that the number of people switching lenders has collapsed in recent years.

MORE

New figures show number of mortgages in arrears has fallen

They have dropped to less than half of the late 2013 peak.

MORE

Planning pays off when looking to put roof over your head

The interest rate you pay, the type of mortgage that buyers choose, and the possibility of paying off the loan early are all factors to consider when buying a property, writes John Lowe

MORE

Taoiseach takes it on faith vultures will write down soured mortgages

It may turn out that vulture funds will, indeed, strike the necessary deals with distressed Irish households and write down impossibly underwater mortgages.

MORE

Vulture funds give better deals, says Varadkar

Vulture funds give better deals to struggling home-owners than banks do, the Taoiseach has claimed.

MORE

Permanent TSB announces sale of 6,000 non-performing mortgages

Permanent TSB has announced the sale of more than 6,000 non-performing mortgages to Glenbeigh Securities.

MORE

Irish mortgage rates third higher than Italy’s

Despite facing Europe’s worst financial crises since the crash and a surge in its sovereign bond yields, Italian mortgages are still about a third less expensive than those in Ireland, new official figures show.

MORE

Banks accused of ‘washing hands’ of problem mortgages

Banks have been accused of washing their hands of mortgage problems and of treating borrowers and families like commodities.

MORE

Vulture deal will will see ‘mass homelessness’

The Irish Mortgage Holders Organisation is warning that Ulster Bank’s sale of €1.4bn worth of home loans to US fund Cerberus is evidence that even homeowners who fall behind in their mortgage repayments but engage with their lender can see their loan sold to a vulture fund.

MORE

'Remarkable casualness' to sale of permanent TSB mortgages to vulture fund

The Minister for Finance Paschal Donohoe has been accused of having a casual attitude to the sale of thousands of Permanent TSB mortgages to a vulture fund.

MORE

Taoiseach: Planned legislation will protect mortgage holders from vulture funds

It follows the €1.3bn sale of nearly 11,000 non-performing loans by Permanent TSB.

MORE

Permanent TSB to sell almost 11,000 mortgages to 'vulture fund'

Permanent TSB has confirmed the sale of almost 11,000 non-performing mortgages to a vulture fund.

MORE

'We need to kickstart a war on mortgage rates' - Michael McGrath

Irish consumers are being warned they are being fleeced over mortgage rates.

MORE

Irish mortgage holders pay highest interest rates in the Eurozone, new figures show

Irish mortgage holders are being hit with the highest interest rates in the Eurozone, according to new figures released today.

MORE

PCP car deals seem dangerously risky

It is natural, but not wise, to push the memory of the chaos caused by sub-prime mortgages to the back of a dark cupboard. The greed and stupidity behind that whizz did trans-generation damage to public finances. Despite that it must be hoped the relevant lessons were absorbed — but were they?

MORE

Ireland walking blindfolded into a massive social crisis as 'tsunami of repossessions' beckons

The sale of mortgage loan books and the "cancer" of vulture funds means Ireland is walking blindfolded into a massive social crisis, a mortgage campaigner has said.

MORE

Permanent TSB annonuces mortgage rate reductions

Permanent TSB has announced a number of mortgage rate reductions on fixed rates for 3 and 5 years for new business. The reductions will take effect from tomorrow.

MORE

Flac: Average long-term mortgage arrears are €77,000

The only solution to the country’s deep-seated mortgages arrears problem is for banks to write off debt for households who have faced long-term distress, the country’s leading debt advocate has said, as new figures showed the banks were making slow progress in resolving the home loans crisis.

MORE

Permanent TSB urged to discount bad mortgages rather than sell to vulture funds

Update 5.54pm: The Chair of the Oireachtas Finance Committee says Permanent TSB should pass discounts on bad mortgages on to customers.

MORE

The moral hazard of mortgage defaulters

Why should I continue to pay my mortgage if the State is to bail out those who aren’t paying theirs?

MORE

Central Bank reveal latest mortgage lending details with no change to lending limits

The Central Bank has said it will not change its rules on mortgage lending limits next year.

MORE

People on average wages should be able to get a mortgage, says Taoiseach

The Taoiseach said today that people on average wages should be able to afford a mortgage to buy themselves a home.

MORE

Latest: Tracker mortgage scandal the 'single biggest consumer rip off in the history of the state'

People have killed themselves after banks denied them their entitlement to a low-cost tracker mortgage, victims of the scandal have claimed.

MORE

'You are afraid of the banks - you are afraid to take them on'

About 100 homes were repossessed by banks after the borrower was denied the right to tracker mortgage rates, the Central Bank has said.

MORE

Taoiseach welcomes relaxing of mortgage rules

Taoiseach Enda Kenny has welcomed the relaxation in the mortgage rules announced by the Central Bank today, writes Daniel McConnell of the Irish Examiner.

MORE

Chartered Surveyors welcome new rules for first-time house buyers

The Society of Chartered Surveyors Ireland has welcomed the decision by the Central Bank to ease deposit rules for first-time buyers.

MORE

Central Bank scraps 20% deposit rule for first-time buyers

The Central Bank has announced a major change to its mortgage deposit rules for first-time buyers.

MORE

Irish mortgage holders paying more interest than EU counterparts, Central Bank finds

Average mortgage rates in Ireland are significantly higher than in the Eurozone, according to new Central Bank figures.

MORE

More doctors, solicitors and architects struggling to pay mortgages, says charity

The number of professionals needing help for mortgage difficulties has nearly doubled in the last year, according to a charity.

MORE

Ulster Bank to sell portfolio of distressed mortgages

Ulster Bank is to sell off 900 distressed mortgages as part of a larger €2.5bn loan portfolio.

MORE

Mortgage interest rates bill to be referred to Committee

The Government's climbed down in the Dáil tonight and avoided an embarrassing defeat in a vote.

MORE

Noonan hits out at FF mortgage bill ‘risk’

There were angry scenes in the Dáil last night after the Finance Minister Michael Noonan accused Fianna Fáil of wiping 10% off the value of bank shares.

MORE

FF questions Noonan's claim that new mortgage rates bill is illegal

Fianna Fáil has questioned Michael Noonan's claim that its new bill to regulate mortgage rates is illegal.

MORE

Bill aimed at reducing mortgage rates not unconstitutional, says Fianna Fáil

Assertions from the Finance Minister that a Fianna Fáil Bill on mortgage rates may be unconstitutional have been described as "bogus" by the party.

MORE

Central Bank doesn't want power to cap mortgage rates, says Noonan

Finance Minister Michael Noonan has said that a Fianna Fáil Bill on mortgage interest rates is unconstitutional and seriously flawed.

MORE

Allow families pass on home loans to children, says group

A support group for people in financial distress is calling on the Government to allow mortgage holders pass on their home loans to their children.

MORE

Struggling mortgage-holders could benefit from new debt deals, says group

A better deal could soon be on the horizon for struggling mortgage-holders, it has been claimed.

MORE

Permanent tsb 'offering mortgage rate cut for some customers'

Customers at Permanent tsb could reportedly be in line for a mortgage rate cut.

MORE

Homes in mortgage arrears falls to lowest level in three years (70,299)

The number of homes in mortgage arrears for more than 90 days has fallen to a three-and-a-half-year low of 70,299.

MORE

Almost three times more homes being repossessed through courts

The number of homes being repossessed through the country's circuit courts has almost trebled.

MORE

Banks 'can do what they want', says mortgage reform group

A leading advocate for struggling mortgage holders has said that the banks have been allowed to do what they want.

MORE

Permanent TSB to cut rates on variable-rate mortgages

Permanent TSB has announced interest rate changes for customers with variable rate mortgages.

MORE

Fianna Fáil want law to allow Central Bank to lower mortgage rates

Fianna Fáil has said legislation is needed to force banks to lower their variable mortgage rates.

MORE

Government reveals new measures to deal with mortgage crisis

The Government has today announced new measures to deal with the mortgage arrears crisis.

MORE

150,000 mortgage holders have option to switch for better rates: Harris

Junior Finance Minister Simon Harris has warned banks to "cop on", or face losing hundreds of customers looking for better rates.

MORE

Mortgage-arrears plans may remove 'final word' from banks: Harris

The Junior Finance Minister Simon Harris has said the Government will announce new plans to tackle the mortgage arrears crisis within the next two weeks.

MORE

Labour TD says Fine Gael must 'wake up' to reality of bankruptcy

Labour TD Willie Penrose has said that some in Fine Gael need to "wake up" to the reality of bankruptcy and Ireland's mortgage crisis.

MORE

Noonan to meet Central Bank Governor in effort to convince banks to lower mortgage rates

Finance Minister Michael Noonan will meet the Central Bank's Governor today to try to push banks to cut their variable mortgage interest rates.

MORE

Noonan: Banks takes repossessions to court so they can talk to borrower

Minister for Finance Michael Noonan has claimed that banks are only taking repossession cases against homeowners so that they can talk to the borrower.

MORE

Government: We will tackle mortgage arrears before election

The Government is vowing to tackle the mortgage arrears crisis ahead of the next general election.

MORE

Emotional scenes at Limerick court as banks apply to repossess homes

There were heartbreaking scenes inside Court 1 at Limerick Circuit Court as 219 applications were brought by banks and other lending institutions for possession of properties against families and individuals.

MORE

Almost 15% of mortgages in arrears

Almost 15% of private residential mortgage accounts were in arrears at the end of last year, the latest figures from the Central Bank have shown.

MORE

Mortgage holders need protection from vulture funds, warns FF

Fianna Fáil has has warned that mortgage holders who have had their debts sold on to unregulated lenders, are not protected by a Code of Conduct.

MORE

BOI boss due before Oireachtas committee

Bank of Ireland will be pressed to follow the lead of AIB and KBC Bank later today by offering long-term solutions to those in mortgage arrears.

MORE