Allied Irish Bank Archives - MyHome.ie Advice & Blog

AIB may exceed mortgage restructuring target

AIB will meet or exceed central bank targets for restructuring mortgages, the bank’s chairman David Hodgkinson has told its annual general meeting this morning. Hodgkinson said that the state-owned bank is still targeting a return to operating profit after loan losses this year before posting net…

AIB chief Duffy insists rate increase is "regrettable" but "fair"

General, Home, Mortgages & Money, Property News

Allied Irish Banks (AIB) chief executive David Duffy said today it is regrettable that the bank has had to raise interest rates for customers on variable rate home loans, but added the move it is fair. The bank must charge market rates for loans, where…

AIB to double its mortgage lending to €2 billion

General, Home, Mortgages & Money, Property News, The First Time Buyer

AIB has announced plans to double its mortgage lending target for this year to €2 billion. The bank, which includes its subsidiary EBS, said it approved €1.5 billion in new mortgages last year – well above its €1 billion target. That figure was an increase…

AIB increases mortgage rates by 0.5%

General, Home, Mortgages & Money, Property News, The First Time Buyer

AIB will increase its variable mortgages rate by half a percentage point from 3.5% to 4% from Tuesday November 13th. This is the second rate rise by the bank in as many months and will add around €30 a month to people’s mortgage repayments per…

AIB to increase standard variable mortgage rate

General, Home, Mortgages & Money, Property News

AIB are set to increase their standard variable mortgage rate by 0.5% to 3.5%. The State-owned lender, who had the cheapest standard variable mortgage rate in the country, has also announced that they will be closing 45 branches in the coming months. The rate increase…

NAMA to sell Birmingham site

Property News

A 4.5 acre development site 200 yards away from Birmingham’s Bullring in England is to be sold by the National Asset Management Agency. Asset managers at ROM Capital are believed to have been instructed to sell the Connaught Square site, which had been earmarked for…

Central Bank expects 'upward trend' in mortgage arrears

Mortgages & Money, Property News

The Central Bank has warned that it expects an “upward trend” on mortgage arrears. The warning came from the bank’s head of consumer protection, who was speaking at an Irish Banking Federation event in Dublin this morning. Meanwhile, Allied Irish Bank has said that just…