finance spokesperson Archives - MyHome.ie Advice & Blog

Fears that non-first time buyers could become trapped in their homes because of new mortgage rules

Fears have been expressed that the new Central Bank rules on mortgage lending will prevent many non-first time buyers upgrading their homes. Speaking yesterday, Fianna Fáil’s finance spokesperson Michael McGrath said people who had already bought could become trapped in their current homes despite the…

McGrath calls for bank statements on ECB rate changes

General, Home, Mortgages & Money, Property News

Fianna Fáil finance spokesperson Michael McGrath has said that, each time the ECB changes its benchmark interest rate, the banks should be required by the Central Bank of Ireland to make a statement on the impact, if any, on the full range of products offered…

McGrath concerned about possible mortgage rate hikes

General, Home, Mortgages & Money, Property News

Fianna Fáil finance spokesperson Michael McGrath said he is becoming increasingly concerned at the government's complete indifference to speculation that the banks are planning another round of variable rate mortgage hikes potentially affecting up to 300,000 customers. Deputy McGrath was speaking following statements in the…

Honohan comments €64 billion too late for Ireland, insist Sinn Féin

Mortgages & Money

Sinn Féin TD and finance spokesperson Pearse Doherty has welcomed Governor of the Central Bank Patrick Honahan's comments on a centralised European approach to recapitalising weak banks, saying the idea was close to Sinn Féin policy. However, Doherty added that Governor Honahan's comments came €64…

Doherty welcomes PTSB rate cut

Mortgages & Money, Property News

Sinn Féin finance spokesperson Pearse Doherty has welcomed yesterday's announcement by Permanent TSB that they are to cut their variable mortgage rate by 0.5% from May 14th onwards. The Donegal-based TD described the move as a “welcome step in the right direction” but called on…

McGrath warns that property tax could be "political dynamite"

Home, Mortgages & Money, Property News

The introduction of a property tax to replace the current household charge will be “political dynamite” if it goes ahead. That’s the view of Fianna Fáil finance spokesperson Michael McGrath, who warned that “many ordinary people could be facing property tax bills of €500 and…

NAMA to intervene to help those struggling with high rents

Mortgages & Money, Property News

NAMA has confirmed it will intervene to help tenants struggling with high rents if landlords under the agency's remit are refusing to engage on the issue. The commitment was made by NAMA's chief executive Brendan McDonagh following questioning from Fianna Fáil’s Finance Spokesperson Michael McGrath…

Doherty hits out at government inaction in dealing with mortgage arrears

Mortgages & Money, Property News

Sinn Féin finance spokesperson Pearse Doherty has hit out at their failure to deal with the problem of mortgage arrears, insisting that their inaction was hurting families. Deputy Doherty was reacting to last week’s revelation by the Central Bank that 107,708 mortgages are now in…

Doherty welcomes scrutiny of Housing Minister's bonus

Mortgages & Money, Property News

Sinn Féin finance spokesperson Pearse Doherty has welcomed the fact that the Finance Committee is to scrutinise Statutory Instrument 27 which awards a Junior Minister an extra €17,205 per year on top of the basic salary of over €130,000. His party were amongst the most…

Sinn Féin hit out at bonus for Housing Minister

Property News

Sinn Féin Finance Spokesperson Pearse Doherty has criticised the Taoiseach Enda Kenny for introducing a statutory instrument which awards Junior Minister for Housing Jan O’Sullivan €17,205 tax free annually on top of her €130,000 salary for the simple privilege of attending cabinet meetings. Deputy Doherty…