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Mortgage arrears expected to peak next year, according to KBC Bank Ireland

General, Home, Mortgages & Money, Property News, The First Time Buyer

Arrears on mortgages are expected to peak early next year, according to the head of KBC Bank Ireland. John Reynolds said his bank expected mortgages in long-term arrears to peak in the first half of next year, note late this year as had previously predicted.…

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Increased demand for KBC mortgages

General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer, The Seller

KBC Bank Ireland has said that it is experiencing increased demand for its mortgage products. According to executive director and head of retail Dara Deering, with confidence returning to the market and increasing demand from first time buyers and trader-uppers, the time was right to…

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KBC Bank to continue their expansion here

Mortgages & Money

KBC Bank Ireland are set to continue their expansion here after its parent pumped €125m into the lender to help it continue its growth. KBC’s headquarters in Brussels made the cash injection at the end of March with a spokesman for the bank confirming to…

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Measures to deal with mortgage arrears crisis are revealed

Uncategorized

The Government and the Central Bank have unveiled unprecedented measures to tackle the mortgage arrears crisis. The steps put greater emphasis on writing down debt, while acknowledging some borrowers will have to volunteer to surrender possession of properties. Banks will be forced to reach sustainable solutions…

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KBC rules out debt writedowns

General, Home, Mortgages & Money, Property News

The chief executive of KBC Bank John Reynolds has said that the bank is not writing off debt for their most hard-pressed customers. Yesterday, the Governor of the Central Bank Patrick Honohan said permanent debt relief is needed for some people. He also said that…

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KBC Bank increase mortgage rates

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

Thousands of mortgage holders are set to see their repayments increase by more than €300 this year after KBC Bank Ireland announced yesterday that it was increasing it standard variable rate by 0.25%. The rate change, which kicks in from the beginning of March, will…

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KBC looking to double its number of mortgage customers here

General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer, The Investor

KBC Bank is hoping to double its number of mortgage customers in Ireland over the next three to five years. The Belgian bank, who are opening six branches here in the months ahead, hope to have a mortgage book of 250,000 customers by 2017. KBC…

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KBC sets aside €195m for loan losses

Mortgages & Money

Belgian bank KBC has set aside €195 million in loan loss provisions for its Irish division in the first quarter of 2012. This compares to loan-loss provisions of €228 million for the previous three-months. Loan-loss impairment stood at €261 million in the first quarter, compared…

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Lack of lending needs to be addressed

Home, Mortgages & Money, Property News

The revelation earlier this week that just two banks are now lending to first time buyers would’ve come as little surprise to many looking to get on the property ladder. The banks have stated for some time that they are giving out loans but all…

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KBC reports growing mortgage arrears

Mortgages & Money, Property News

KBC Bank Ireland has reported a loss - after tax and impairment charges - of €269m for 2011. But it said that its loan impairment charges fell to €510m from €525m in 2010. The bank said the year was characterised by growing mortgage arrears in…

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