Finance Minister Michael Noonan

Central Bank has no power to end two-tier mortgage market

The Central Bank has no power to compel banks to end the two-tier market on mortgage variable rates, its newly installed Governor Professor Philip Lane has admitted. Prof Lane also told TDs and Senators that interfering in the contracts between a lender and borrower was…

General

Government reveals new measures to deal with mortgage arrears

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

The Government has revealed new measures to deal with the mortgage arrears crisis. Among them is an independent court review that will have the power to approve insolvency deals that have been rejected by banks. Under the new system, the courts can review and effectively…

General

Noonan to discuss rate cuts with banks

Blog, General, Home, Market News, Mortgages & Money, Property News

Finance Minister Michael Noonan has said he will discuss cutting variable mortgage rates with Ireland's top lenders in the coming weeks. Minister Noonan said that following his meeting with Central Bank Governor Patrick Honohan earlier this month, "analytical work" is being carried out on what…

1,500 could be entitled to property tax refunds

General, Home, Mortgages & Money, Property News

Revenue has yet to make contact with 1,500 people who may have paid the local property tax for 2013 even though they were exempted from doing so. Confusing wording in the legislation - which was intended to apply only to first-time buyers - actually exempted…