Department of Finance Archives - Page 3 of 4

New mortgage arrears data published

General, Home, Mortgages & Money, Property News

A new set of figures on mortgage arrears from the Department of Finance show that the most popular method of restructuring loans in arrears is to extend the term of the mortgage. 35% of permanent mortgage restructures are term extensions, while 22% are interest…

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Banks turning down one in five loan applications

Commercial Blog, General, Home, Mortgages & Money

A new survey shows that while demand for credit among smaller and medium-sized businesses remains low, almost one in five loan applications is still being declined by the banks. The survey, by Red C and commissioned by the Department of Finance, also shows an increase…

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MyHome the most popular site for civil servants

Commercial Blog, General, Home, Industry News, Mortgages & Money, Property News, Property Picks, The First Time Buyer, The Investor, The Overseas Investor, The Renter, The Seller

Civil servants in the Department of Finance are frequently surfing the web to check property prices, according to new figures which show that MyHome.ie is the most popular non-news website amongst staff. A list of the top 50 websites visited by computers in Government Buildings,…

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Water charges expected in Q4 2014

General, Home, Mortgages & Money, Property News

A new later date of Q4 2014 for the introduction of water charges is contained in the latest memorandum published by the Department of Finance as part of Ireland’s bailout programme. Since the last such publication, the EU/EC/IMF team has discussed with the Irish authorities…

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Government considering €1bn stimulus package for construction sector

Building, General, Home, Mortgages & Money, Property News

Government officials are examining whether there will be scope in next year’s budget for an investment programme of €1 billion or more targeted at the construction sector. The debate comes against the backdrop of demands from the Department of Public Expenditure for deep spending cutbacks…

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Just one in five have paid property tax to date

General, Home, Mortgages & Money, Property News

Just one in five homeowners have paid their property tax to date, just days before the deadline passes for postal forms to be returned. The Department of Finance confirmed yesterday that €22.2m had been collected from compliant homeowners so far – well short of the…

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Plans to solve mortgage crisis won't work, insist MABS

General, Home, Mortgages & Money, Property News

The Money Advice and Budgeting Service (MABS) have insisted that government plans to solve the mortgage crisis won’t work. In a new report, MABS found that the typical struggling homeowner in arrears is older than many experts previously thought, casting doubt on the official split…

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Burton defends the reduction of property tax exemptions

General, Home, Mortgages & Money, Property News

Social Protection Minister Joan Burton has defended the decision to reduce the number of ghost estates that will be exempt from the property tax. Just 5,100 homes will get a waiver from paying the levy, compared to 43,000 properties that were not liable for the…

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Council tenants could face rent increases

General, Home, Mortgages & Money, Property News, The Investor, The Renter

More than 125,000 local authority tenants face rent increases as councils look set to pass on the property tax. Almost all dwellings in the State are liable for the new tax, due to be collected on July 1st, including council houses and flats. According to…

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Banks urged to write-off some household debt

General, Home, Mortgages & Money, Property News

The Secretary General at the Department of Finance has today called on the financial sector to write-off the debt of households with a real inability to pay. Speaking at an Irish Banking Federation conference, John Moran said banks need to begin lending to households who…

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