loan Archives - Page 2 of 5 - MyHome.ie Advice & Blog

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…

Read More →

AIB may exceed mortgage restructuring target

General, Home, Mortgages & Money, Property News

AIB will meet or exceed central bank targets for restructuring mortgages, the bank’s chairman David Hodgkinson has told its annual general meeting this morning. Hodgkinson said that the state-owned bank is still targeting a return to operating profit after loan losses this year before posting net…

Read More →

Bad loans at Irish banks hindering new lending, according to IMF report

General, Home, Mortgages & Money

Ireland must deal with the large number bad loans which are hindering new lending as it aims for economic and employment growth, according to the International Monetary Fund. Completing its tenth review of Ireland’s bailout programme, which also saw it release the final €950m of…

Read More →

Central Bank to proceed with debt write offs

General, Home, Mortgages & Money, Property News

The Central Bank is to proceed with a controversial pilot scheme to write off unsecured debt of distressed borrowers, despite strong opposition from the Irish League of Credit Unions. The initiative has been agreed with banks and credit card providers. Speaking when the scheme was…

Read More →

Tracker mortgages are now so valuable they may be affecting the market

General, Home, Mortgages & Money, Property News

Yesterday’s ECB rate cut will be a welcome boost for the 400,000 or so homeowners who will see their mortgage repayments fall by 0.25%. However, the latest intervention by the European Central Bank to try and drive economic growth has only driven a bigger wedge…

Read More →

Is the mortgage crisis worse than we thought?

General, Home, Mortgages & Money, Property News

MABS (the Money Advice and Budgeting Service) a publicly funded group who are given €18,500,000 a year to help the indebted, have produced research which indicates that when it comes to people with mortgage difficulty that the people affected are mainly those with children and…

Read More →

IMF critical of progress made by banks on dealing with mortgage arrears

General, Home, Mortgages & Money, Property News

The International Monetary Fund has raised concerns that banks here are losing money even before putting cash aside to cover bad loans. In its latest review of Ireland's bailout programme, the fund also criticised Irish banks for "inadequate progress" in dealing with non-performing loans.…

Read More →

Pepper could be set to spice up mortgage market in Ireland

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

The mortgage market here could be set to receive a significant boost with Australian lender Pepper considering whether or not to start offering home loans in Ireland. Pepper, which bought the mortgage book of GE Money last year, said it was actively looking at mortgage…

Read More →

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…

Read More →

Central Bank's mortgage arrears scheme helped the bulk of borrowers

General, Home, Mortgages & Money, Property News

More than two-thirds of borrowers who entered into an official process over mortgage arrears were able to come to an alternative arrangement with their lender, according to the Central Bank. The bank said 71% of mortgage customers surveyed came to a new agreement on…

Read More →