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Bank of Ireland mortgage arrears increase in first half of year

The number of Bank of Ireland customers falling into arrears on their mortgage repayments has increased in the first half of the year. The number of owner occupier mortgages in arrears for over 90 days rose to 7% at the end of June, up by…

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The mortgage divide, is it right?

Mortgages & Money, Property News

Yesterday’s ECB rate cut of 0.25% will be welcome news to many mortgage holders but for a large proportion, they will never benefit from it. Tracker mortgage holders will automatically benefit from the new 0.75% rate but the cut is unlikely to be passed on…

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Mortgage arrears rise at AIB

Mortgages & Money

The level of mortgages in arrears in AIB has risen to 16%, the bank revealed today. At its AGM in Dublin, chairman David Hodgkinson forecast a further increase in the number of loan impairments this year before stabilising at the end of 2012. AIB says…

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Bank of Ireland providing two out of five mortgages in Ireland this year

Mortgages & Money, Property News

Bank of Ireland today issued a statement insisting that the vast majority of customers on its €27.5bn mortgage portfolio are meeting their repayments. The bank also said it has committed significant resources to managing mortgage arrears for those who are struggling. It also said it…

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Permanent TSB set to cut variable rate

Mortgages & Money, Property News

Up to 80,000 homeowners are set to benefit after Permanent TSB announced plans to cut its standard variable mortgage rate in the next few weeks. It was confirmed yesterday that a first cut of 0.25% would be announced shortly, with further cuts set to follow.…

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Bank of Ireland's negative equity mortgages will allow homeowners to borrow up to 175% of what their new home is worth

Mortgages & Money, Property News

Bank of Ireland’s new negative equity mortgages will allow customers to take out new home loans that are almost double the value of their house. Up until now any negative equity mortgages offered to homeowners only allowed them to carry small amounts over to their…

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Bank of Ireland now offering negative equity mortgages

Industry News, Mortgages & Money, Property News

Bank of Ireland has announced that it has launched a range of new mortgages available to customers in negative equity. The bank says the new mortgages are in line with Central Bank guidelines, and they say, will allow greater numbers of customers, that are in…

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