guidelines

ESRI insists current property market conditions do not justify Central Bank’s proposal for 20% deposit

The Economic and Social Research Institute has said current conditions in the property market do not justify the introduction of a fixed higher deposit and lower loan to income ratio, as proposed by the Central Bank. The Institute said the bank should instead have a variable system…

Personal Insolvency: Will it work?

General, Home, Mortgages & Money, Property News

New personal insolvency guidelines were published yesterday, aimed at helping to solve the problem of borrowers with unsustainable levels of debt. While opening up to the new Insolvency Service of Ireland (ISI) could lead to those in financial trouble getting some form of debt writedown,…

Government aim to bring in a 'fair' system to deal with mortgage problems

General, Home, Mortgages & Money, Property News

Taoiseach Enda Kenny has said the Government aim to bring in a system that is fair and equitable for people who are in mortgage and debt distress. Responding to criticisms of draft personal insolvency guidelines, Enda Kenny told reporters in Dublin the guidelines were…

Permanent TSB to offer debt deals to struggling borrowers

General, Home, Mortgages & Money, Property News

Permanent TSB (PTSB) says it is offering around 500 distressed borrowers deals such as split mortgages where part of their loan has been set aside. Just 1% interest will apply to the part of the mortgage that has been parked. It comes as uncertainty grows…