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Friday 3 February 2023 Dublin: 10°C

# Arrears

Last year
2022
# Housing
Revised mortgage-to-rent scheme to help more people in arrears to stay in their homes
Homeowners will have an option to purchase their home back at the price the State paid for it.
All time
# Arrears
Protection for renters in financial difficulty due to Covid-19 extended to 12 July
The protections in place were due to expire on 12 April.
# covid19
Almost 4,000 mortgage accounts fell into arrears in Q1 of this year, figures from the Central Bank show
The lowest number of mortgage arrears since 2010 was recorded in the first quarter of the year.
# Sold
Ulster Bank sells portfolio of 3,175 mortgages to Pepper
There are 2,800 home loans and 375 buy-to-let loans included in the portfolio.
# Cabot Financial
Taoiseach asks for details about letters sent to mortgage-holders demanding full payment of arrears within 30 days
Taoiseach has said it is now time for to review the tax treatment of vulture funds.
# Arrears
Experts say 'vulture friendly' commentary from government is 'dangerous'
An Oireachtas committee yesterday heard legislation is needed to ensure banks cannot sell mortgages to vulture funds without a customer’s consent.
# Vulture funds
Concerns over letters sent to mortgage-holders demanding full payment of arrears within 30 days
The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.
# Repossessions
Cabinet to consider Bill to help borrowers in mortgage arrears
The Bill aims to broaden the matters a judge needs to take into account when considering repossessions.
# Abhaile
State will no longer automatically pay for barristers in personal insolvency cases
Changes to the funding structure of the government’s mortgage arrears assistance scheme mean solicitors will have to show why they need a barrister for each case.
# Abhaile
Government scheme to help families in mortgage distress 'fails 70% who turn to it'
Just 30% of those who engaged with Abhaile’s financial advice have a solution in place or are on track for one.
# dragging their heels
'History will judge this': Experts see little change in bank culture after scandals and protests
People who are working every day with customers in arrears say lenders are still refusing to cooperate in any significant way.
# fair mortgage bill
'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin
Edmund Honohan urged the Fianna Fáil leader to support a piece of legislation he wrote that is currently before the Dáil.
# sell off
Varadkar says he's reluctant to use the term 'vulture fund' to describe firms that have bought up Irish mortgages
Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.
# Security
Union says KBC staff 'extremely upset and stressed' by recent incidents
KBC Ireland said it is taking additional measures to ensure the safety of its staff.
# Social Housing
The myth of the free council house: 'We're not just handing them over, that would be crazy'
Dublin City Council tenants paid a total of €78.3 million in rent last year.
# Vulture funds
Almost 7,000 loans in arrears held by 'unregulated loan owners'
Unregulated loan owners hold 17% of all mortgages in arrears over 720 days.
# Great Irish Sell Off
No vulture fund or bank has ever been sanctioned for breaching the code of conduct
The Central Bank said no sanctions have been put in place since the Code of Conduct on Mortgage Arrears commencement in 2009.
# Arrears
FactCheck: Are there really 20,000 possession cases before the courts?
There has been a slowdown in the number of cases being issued, but it is unclear where exactly the situation stands now.
# factcheck
FactCheck: Has the number of cases taken by banks over arrears halved in two years?
Brendan Burgess claims there is “no tsunami” of arrears cases now.
# Concrete
Mica scandal: Family living in 'falling down house' finds out mortgage has been sold to vulture fund
Just a month before the government announced a redress scheme for the thousands of impacted homeowners, Karl Murtagh was told his mortgage had been sold.
# Arrears
Call for householders to be given free legal aid to address 'power imbalance' during reposessions
Minister Charlie Flanagan today praised the success of the Abhaile legal advice scheme, but did not indicate it would be extended to provide full representation.
# Arrears
Ulster Bank sold mortgages to vulture fund despite offer to buy loans for mortgage to rent
The vulture fund that bought the loans has confirmed it is not currently putting forward cases for this scheme.
# sell off
'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund
‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.
# Arrears
Ulster Bank to sell 5,200 'non-performing' mortgages to vulture fund
The portfolio, worth €1.4 billion, is to be sold to Cerberus Capital Management LP.
# Repossessions
How many mortgage holders were taken to the High Court by banks so far this year?
The numbers are down on recent years but there still has been almost 300 cases initiated in the High Court.
# Housing Crisis
'Say no to vulture funds': Applause breaks out as TD calls for support for new law aimed at keeping people in their homes
The bill, written by the Master of the High Court Edmund Honohan, was introduced in the Dáil today.
# Debt
Storm Emma caused higher levels of mortgage arrears as customers missed in-branch payments
The number of accounts in arrears over 720 days has fallen but these cases still account for 41% of all accounts in arrears.
# Arrears
'One thousand days like this': High Court Master questions banks on their 'pressing need' to evict people
This week Edmund Honohan again highlighted the need for a legal aid system in repossession cases.
# Mortgage Arrears
'This is a human crisis': David Hall believes 17,000 families will have homes repossessed
Hall told the Finance Committee that a narrative has been fostered that people in long-term arrears are “messers”.
# vultures
Even PTSB customers who are meeting revised loan terms will have mortgages sold to vulture funds
Executives blamed the European regulator for the classification of these loans as non-performing.
# Vulture funds
PTSB chief refuses to appear before Finance Committee next week over loan sale
The bank recently announced it is to sell off a €3.7 billion portfolio of non-performing loans, including mortgages 14,000 private dwelling homes.
# vulture fears
Mortgages sell-off will disrupt already-volatile housing market, charities warn
Ulster Bank said today that it would be looking to offload around 7,000 mortgages on top of PTSB’s proposed 18,000.
# Mortgage Arrears
'They're for the chop': High Court Master says 'wave of repossessions' on the horizon
Master Honohan asked if it’s a “sick joke” that people writing to the Taoiseach were told to seek help from Abhaile.
# New Laws
High Court Master writes new legislation to help keep people in their homes
The bill would give greater powers to the government’s Abhaile scheme and provide stronger protections for people who are in debt.
# Arrears
'There is a solution for everybody': Debtors urged not to put their heads in the sand in 2018
Legal and financial experts say there are ways they can help – especially if people come to them at an early stage.
# Your Say
Poll: Should the State relax free legal aid rules to cover more arrears cases?
More than 30,000 accounts have been in arrears for more than two years.
# Abhaile
High Court Master says government's legal advice scheme is 'a scam'
Edmund Honohan criticised the government for failing to deliver systems it had promised to help keep people in their homes.
# Your Say
Poll: Should Ireland have a separate court to deal with mortgage arrears cases?
Ten percent of home mortgage accounts in this country are in arrears.
# dear leo
High Court Master lashes KBC and tells father in arrears to write to Taoiseach
Edmund Honohan: ‘What kind of a way is that for a bank to approach its customers?’
# Arrears
Farmer sues receiver and 'vulture fund' who have threatened to sell his stock
He fears such action would destroy his business, the High Court has heard.