bad debts

Mortgage arrears on the rise at Permanent TSB

The number of people in arrears on their mortgages with Permanent TSB has increased by almost 2% in the first half of 2012. The bank today reported a loss after tax of €566m for the first six months of the year. A large portion of…

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…