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Wednesday 7 June 2023 Dublin: 10°C


All time
# first time buyers
It's taking up to a third of a working couple’s income to pay the mortgage on their first home
The least affordable area for first-time buyers is Dun Laoghaire Rathdown in Dublin, while the most affordable county is Roscommon.
# sponsored by ebs
QUIZ: Do You Need A Holiday?
Is it reaching desperate levels yet?
# time survey
An 'Irish minute' can range from nearly 3 minutes to 11! Here's how long it is in your county...
The survey also found that we lie about being ‘in the taxi’ when we’re running late!
# Chaching
AIB is cutting its mortgage rates again
It’s the second cut in six months.
# Interesting Stuff
Do you have an AIB, EBS or Haven mortgage? Good news*!
*Except tracker mortgage holders.
# Bank Guarantee
The Department of Finance has lost letters connected to the bank guarantee
The disappearance of the original versions of two letters copied to finance minister Brian Lenihan has been uncovered by the Sinn Féin TD Pearse Doherty through Freedom of Information.
# affordability
Index shows first time buyers spend 17% of their net income on their new home
There is a higher afforability level in Dublin due to property prices increasing by up to 12.1 per cent.
# sponsored by ebs
6 things you'll hear new homeowners say
Trust us, you’ll recognise these gems. You might have even said them yourself.
Industrial action at EBS called off after LRC talks
Management has agreed to set a date for the payment of outstanding sums.
# Strike
Strike threat looms for EBS
The Unite trade union has said that a strike notice will be served as early as next week if a resolution is not reached in talks.
# Debit card
EBS apologises after double-charging error on debit cards
The former building society said today that the issue affected approximately 2,500 transactions.
# need to know
The Evening Fix… now with added Jedward wanting your number
Here are the things we learned, loved and shared today…
# Mortgage Rates
AIB, EBS and Haven variable rate mortgages to increase from June
The rate increases vary from 0.25 per cent to 0.4 per cent.
# Banks
After four years and €64.1 billion, bank guarantee is finally scrapped
Ireland will still guarantee bonds issued by banks since 2010, but will no longer guarantee new bonds or high-level deposits.
# Promissory notes
Supreme Court rejects TDs application to join promissory note challenge
Five Deputies applied to join businessman David Hall’s challenge to the payment of promissory notes, saying it was in the public interest for the case to go ahead.
# Savings
Annual savings up 10 per cent on last year
Research from EBS shows that people aged 16-24 are now more confident about their economic well being than this time last year.
# Bank Guarantee
EU approves six-month extension of Ireland's bank guarantee
The approval is seen as routine and may be the last extension, with the possibility of a withdrawal early next year.
Central Bank names six banks which missold PPI to ineligible customers
A seventh institution asked not to be named by the regulator.
# No Joy
One in three people who apply for mortgages are turned down
Figures revealed for the first time show that 38 per cent of mortgage applications were rejected last year.
# Your Say
Poll: Do you use online banking?
With as many as one-in-four bank branches set to close, we’re asking you if you use online banking or still prefer to visit your local branch.
Permanent TSB to reduce SVR mortgage interest rates
The bank noted that its 0.35 per cent reduction is greater than the European Central Bank cut.
# Mortgages
NAMA may extend pilot mortgage scheme to another 630 homes
NAMA says 32 of the 115 properties made available under its ’80:20′ scheme two weeks ago have been taken already.
# Mortgages
NAMA pilot mortgage programme to insulate buyers from negative equity
NAMA’s pilot scheme will encourage first-time buyers to buy houses by protecting them from a 20pc fall in house prices.
# Banking
24 AIB employees continue to earn basic salaries over €250k
The Finance Minister has confirmed that 24 staff at the institution, which is 99.8 per cent owned by the State, are continuing to receive salaries in excess of €250,000.
# Club Sub
AIB still paying millions for staff gym and golf club fees
The bank – which is 99.8 per cent owned by the taxpayer – still pays fees for thousands of staff, despite a State ban on bonuses.
# Banking Crisis
Banking crisis: Central Bank paid out €30m in consultancy fees in 2011
Law firm Arthur Cox seems to be the big winner in terms of consultancy contracts with the Central Bank, NTMA and Department of Finance.
EBS workers vote to end '13th month' strike action
94 per cent of Unite members withdraw their action and to accept a deal brokered at the Labour Relations Commission last week.
EBS workers call off strike over '13th month' payment
Staff at the building society were due to walk out tomorrrow, but have agreed to LRC talks with management.
# 13th month
EBS staff to hold second strike over '13th month' payment
Staff will picket EBS branches and the offices of its parent bank AIB, in protest at the withholding of a December payment.
Union: We'll picket AIB too if striking EBS workers are not paid
However, Unite said it was hopeful the decision not to make a Christmas payment would be reversed.
EBS staff begin strike action over '13th month' payment
Staff at the State-owned building society say their ‘Scrooge-like’ employer is withholding an annual payment of four weeks’ pay.
Hundreds of EBS staff to go on strike tomorrow over Christmas payment
Some staff are picketing tomorrow over the building society’s decision to cancel a traditional ’13-month’ payment.
EBS staff vote to strike over Christmas payment
A majority of UNITE members at the building society vote to pursue action over the withholding of a ’13th month’ payment.
# humbug
EBS cancels Christmas payments for staff
Staff are balloting for strike action after the building society said there would be no traditional Christmas payment for employees. The payment has been made every year for the past 45 years.
# Rate Cut
EBS to reduce its standard variable rate
The company is to reduce the rate in line with the European Central Bank’s recent rate cut.
# Huh?
Two-thirds of Irish adults find financial terms confusing
More women than men find financial terms confusing – but women are perceived to manage their personal finances better than their male counterparts, according to new research .
# Mortgages
EBS to raise mortgage rates
EBS is to hike its variable mortgage rate from October.