Readers like you keep news free for everyone.
More than 5,000 readers have already pitched in to keep free access to The Journal.
For the price of one cup of coffee each week you can help keep paywalls away.
Readers like you keep news free for everyone.
More than 5,000 readers have already pitched in to keep free access to The Journal.
For the price of one cup of coffee each week you can help keep paywalls away.
The decision follows two successive months of cutting the bank’s main interest rate which was a welcome boost for mortgage holders.
Finance Minister Michael Noonan has introduced changes to the mortgage interest relief available to buyers and home owners as part of next year’s Budget – but what does it mean?
The move comes one day after Finance Minister Michael Noonan announced a range of measures in the Budget encouraging people to buy homes.
New Beginning is spearheading an intiative to bring together groups and individuals concerned about mortgage defaulting in Ireland – with a spokesperson saying it will bring power in numbers.
New figures from the Central Bank show the number of mortgages in arrears has risen significantly.
The bank says it hasn’t passed on the ECB’s past two rate increases to customers and, similarly, would not be passing on the recent cut.
James McKay told TheJournal.ie how he cannot meet his mortgage payments because his bank is not cooperating.
The finance minister has defended proposals in the government’s Keane report on mortgage debt.
The government’s much-touted plan for homeowners “gives no solutions”, according to David Hall of New Beginning.
Under proposals contained in the report, struggling homeowners would give up their houses but be allowed to rent them back from State bodies or local authorities.
European Central Bank officials will meet in Frankfurt today to make a decision that will affect Irish homeowners.
With 60 people a day begging for help with their debts, we must take action now, writes David Hall of New Beginning.
The party denies it but that appears to be at odds with the differing lines ministers gave on the much talked about issue yesterday.
Irish mortgage lenders are secretly agreeing huge reductions when borrowers cannot repay, an industry source tells TheJournal.ie.
Meanwhile, thousands of mortgage holders in arrears are being refunded charges incorrectly applied to their accounts, according to the Central Bank.
Some 60,000 homeowners are now three or more months behind on their repayments.
Worries for 80,000 homeowners after yesterday’s interest rate increase by the European Central Bank.
Our at-a-glance guide will tell you how much the ECB’s 0.25 per cent rate increase will add to your monthly repayment.
As new figures reveal that mortgage holders owe a total of €8.6 billion in arrears, what do you think should be done? Do you support plans to help them?