Banks deny mortgage threshold claim

BANKS have rebuffed claims that they are refusing mortgages below certain amounts in order to inflate property prices ahead of the start up of NAMA.

Wed, 19 Aug, 2009 - 01:00
Juno McEnroe

Ireland’s largest housing charity claimed yesterday that some banks were not lending below certain levels.

Respond! said many buyers were unable to access mortgage funds for amounts less than €150,000.

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CourtsPlace: IrelandPlace: DublinPerson: Aoife WalshPerson: SenatorPerson: Brendan RyanPerson: RyanOrganisation: BanksOrganisation: NAMAOrganisation: National Asset Management AgencyOrganisation: Bank of IrelandOrganisation: Oireachtas Committee on Enterprise, Trade and EmploymentOrganisation: Permanent TSBOrganisation: AIBOrganisation: Irish Banking Federation
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