Minister for Justice Archives - MyHome.ie Advice & Blog

Landlords may have to retain deposits until tenant proves they have paid water charges

The Government has agreed to the drafting of a Civil Debt Procedures Bill, which may see landlords being required to retain a tenant's deposit until they have proof of payment of water charges. The bill will include provisions to stop imprisoning people for not paying their…

Bankruptcy term reduced to three years

General, Home, Mortgages & Money

This week Minister for Justice Alan Shatter signed an order to introduce the measure reducing the length of bankruptcy term in Ireland from 12 to 3 years. The legislation also transfers the Office of the Official Assignee from the Court Service to The Insolvency Service…

New legislation will not "open the floodgates" for repossessions, insists Shatter

General, Home, Mortgages & Money, Property News

Minister for Justice Alan Shatter insisted yesterday that new mortgage legislation will not “open the floodgates” for repossessions. After introducing the Land and Conveyancing Amendment Bill to the Seanad, he insisted it “does not grant any additional powers to financial institutions.” The Bill reinstates a…

New personal insolvency service guidelines are launched

Uncategorized

The Government has launched their new personal insolvency service, which will see new arrangements for overburdened borrowers to reach agreement with their creditors. Applications for the new service will commence by the end of June. The new personal insolvency guidelines say people who enter arrangements…

Mortgage arrears continue to rise

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

Almost one in five mortgage holders are in financial difficulty with their loans, according to new figures published by the Central Bank today, which show a rise in arrears. The figures include for the first time mortgages on buy-to-let properties, where borrowers have missed repayments…

Property price register is launched

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

The Property Services Regulatory Authority (PSRA) yesterday published the new Residential Property Price Register. The Register may be accessed on www.propertypriceregister.ie The Register has been produced by the Authority under the Property Services (Regulation) Act 2011. The Register includes information on residential properties purchased in Ireland…

Personal Insolvency Bill published

General, Home, Mortgages & Money

Minister for Justice Alan Shatter today published the long-awaited Personal Insolvency Bill aimed at reforming insolvency laws, some of which have been in place for over a century. The Bill includes a number of new non-judicial debt resolution processes including: a debt relief notice to…

Property Regulator to be established

General, Industry News, Property News

Minister for Justice Alan Shatter said today he is establishing a new property regulator to provide greater transparency to the property market. Mr Shatter said in a statement that he signed orders yesterday to establish the Property Services Regulatory Authority, whose functions will include the…

New legislation to be unveiled today

General, Mortgages & Money

New legislation to reform Ireland’s bankruptcy laws and assist those struggling with their mortgage repayments will be outlined in detail by senior Government Ministers this morning. Minister for Finance Michael Noonan and Minister for Justice Alan Shatter will unveil the Personal Insolvency Bill, which will…

More than 30,000 have now registered for household charge

Home, Mortgages & Money, Property News

More than 30,000 properties have now been registered for the new household charge, since it came into force on January 1. The figures, released by the Department of the Environment, mean that more than €3 million has been raised from the controversial charge so far.…