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Thursday 23 March 2023 Dublin: 10°C

# Arrears

All time
# Extortion
Man with intellectual disabilities loses control of income after spending money on dating sites
The man’s food and rent bills have fallen into arrears by almost €2,000.
# insolvency
'Deal with your debt problems': The number of people seeking insolvency is on the rise
€588 million worth of insolvency applications were made between April and June this year.
# Mortgages
Women being 'forced into homelessness' as former partners refuse to sign arrears deals
Sinn Féin’s Peadar Tóibin raised a number of examples that he said fall outside the remit of processes the government put in place to protect people.
# Housing Crisis
Warning for borrowers in arrears: Don't let fear get in the way of saving your home
Experts say anxiety and a lack of information provided to people struggling with debt can lead them to making decisions that will worsen their situation.
# Abhaile
Over 4,000 borrowers flock to voucher scheme in bid to save their homes
Figures released to TheJournal.ie demonstrate the “massive” scale of the mortgage arrears problem, according to one expert.
# banking on it
Nearly 80,000 families in mortgage arrears but figure is declining
Sinn Féin has called on the Government to release a Central Bank report on how to handle arrears.
# Tyrrelstown
"We're very worried" - Resident feels he's being forced out of home by 28% rent increase
Residents of Cruise Park in Tyrrelstown feel they are not being treated fairly by their landlord.
# Arrears
Twink told a newspaper her debt-ridden home was for sale, but barristers couldn't find it listed
The bank claims it it is owed about €250,000.
# Water Charges
Irish Water has put out a tender for a debt collection agency
The utility told TheJournal.ie it was a “precautionary measure”, but said domestic customers remain liable for outstanding bills.
# Arrears
New twist in Twink home repossession case
Adele King and her former partner, David Agnew, are facing a bid to repossess the house they once shared.
# little help
Greece will accept the troika's bailout terms... but says it hasn't capitulated
Germany is still demanding the country go through with its planned referendum.
# Debt
There's some 'good news' for Ulster Bank mortgage holders in arrears
Those who qualify for social housing can sell their homes and not be pursued for the outstanding debt.
# smooth talker
'We'll cut them again in a month or two' - AIB chief on mortgage rates
David Duffy was in front of the Oireachtas Finance Committee today, although it didn’t seem like too much of an ordeal for him…
# radical thinking
Can't pay your mortgage? Your council should do it for you...
Whatever action the government takes on Ireland’s housing debt crisis will be the ‘biggest political decision since Irish Water’ according to a householders’ group.
# Repossessions
'The banks weren't showing compassion, they were waiting for an increase in property prices'
It has been predicted that the number of home repossessions will grow significantly.
# Mortgages
300,000 people who owe €2.5 billion have asked for help
MABS has been busy.
# Prime Numbers
Tayto crisps, Mary Lou McDonald, and U2: The week in numbers
Plus: How many homeowners are more than two years behind with their mortgage repayments?
# Arrears
Almost 400 AIB repossessions stopped in last year
The Irish Mortgage Holders Organisation said the scheme these agreements were made through will be expanded to run another 12 months, due to its success in the last year.
# debt problem
Ireland has a €12.5 billion problem mortgage mountain to climb
The headline number of arrears has fallen, but ultra long term problem loans continue to climb.
# BACKLOG
Long-term arrears would take 33 years to clear at current rate
Progress in solving mortgage arrears is slow, with industry experts criticising the solutions deployed.
# Kick in the arrears
We could be repaying our mortgages into retirement - the verdict on the arrears crisis
The Finance Committee’s report on mortgage arrears is in – here’s what they say.
# Not good enough
Finance Committee tells Central Bank: legal letters to crisis mortgages aren't 'sustainable'
A draft copy of the committee’s report on mortgage arrears seen by TheJournal.ie contains strong words for the Central Bank.
# Arrears
'The entire system is rubbish': Just 40 houses bought through mortgage-to-rent scheme
David Hall, Director of the Irish Mortgage Holders’ Organisation, said it is “sickening” that it’s cheaper for banks to repossess a house than it is to participate in the scheme.
# Arrears
Buy-to-let mortgages have been "left to fester"
At the current rate, it will take 44 years to clear the buy-to-let arrears backlog.
# Mortgage Arrears
PTSB has reduced problem mortgages to one-tenth of peak levels
The bank has urged struggling customers to get in touch, with the prospect of legal action also on the table.
# Insurance
Updated: Terminal cancer patient has arrangement in place with AIB over mortgage arrears
Senator Deirdre Clune is calling for the Central Bank to keep track of the number of people falling into arrears on mortgage-related insurance.
# Arrears
The government has sold thousands of mortgage owners 'down the river' - Donnelly
Independent TD Stephen Donnelly accused the government of failing to take the welfare of “tens of thousands of men, women and children” into account when selling mortgage loans to US hedge funds.
# Crossed Wires
Eircom error will leave 30,000 paying big bills
Eircom says it failed to process direct debits.
# Questions and Answers
They're back: Bank executives to face TDs on mortgage restructuring
The last time bank executives provided updates to the Finance Committee they were criticised for not being direct enough.
# Financial Results
Losses down but still no profitability at Permanent TSB
The bank says the next step is to exit state ownership.
# Arrears
News of 100 mortgage write-downs shows crisis 'akin to Russian roulette'
“One bank’s sustainable solution could be another bank’s unsustainable mortgage leading to repossession proceedings,” Fianna Fáil’s Michael McGrath said today.
# Arrears
Concern that banks are only tackling "easy" mortgage arrears cases
The new figures show that 168 properties were taken into possession by lenders in the last quarter of 2013.
# rates
No decision made on who will collect commercial water charges under Irish Water
In 2013, water charges that went uncollected amounted to €16,502,532 in Dublin alone.
# Arrears
€20m fund to assist distressed local authority mortgage holders
The new fund will move people onto the mortgage to rent scheme for those who have unsustainable mortgages.
# Arrears
Over 120 AIB mortgage holders get long term solution under new initiative
The partnership deal between AIB and the IMHO has been hailed a success by the two groups.
# Arrears
Dublin council blames tenants for drop in rent collection
Dublin City Council now has arrears of over €20 million as a result of residents not paying rent, and says there is a “culture of under-declaration of income”.
# Repossession
Report on repossessions wants changes, but no legislative reform
An expert group on repossessions found that case management standards of different lenders varies greatly, “with some operating at sub-optimal level”.
# European elections
David Hall: Only bankers would benefit from my winning a seat in Europe
The mortgage arrears campaigner said he doesn’t think he could make any difference even if he won a seat in Europe.
# property ladder
Local authorities issue 99 mortgage approvals this year
If you have been turned down for a bank loan you can apply for a loan from your local authority.
# Mortgage Arrears
Target set by Central Bank that 75% of mortgage arrears will be dealt with by June
The banks have been told by the Central Bank that sustainable solutions should be offered to customers.