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Thursday 22 October 2020
Pubs were given a six-month moratorium on their mortgages.
Many on the wage subsidy scheme with mortgage approval have struggled to reach the drawdown stage.
Since March, nearly 80,000 mortgage-holders impacted by the pandemic have taken payment breaks.
The bank said that it may still refuse to allow a mortgage to be drawn down if it finds a customer is unable to meet repayments.
The study from the Banking & Payments Federation Ireland shows that new builds have been badly impacted.
Some applicants have been told by their bank they can’t draw down their mortgage if they’re in receipt of the wage subsidy scheme.
Strict new coronavirus measures have come into effect – here’s what they mean for you.
In total, 2,200 mortgages were approved in April.
The government says that the banks have agreed that anyone availing of a mortgage break can now extend the loan term.
The figures offer an early indication of the impact of Covid-19 on lending.
All of the country’s main banks are participating in the break.
Customers can be granted an extension in situations where their “circumstances have not materially changed”.
Banks are far busier but visits to branches have dropped significantly.
The 12,259 mortgages are valued at €2.7 billion.
New figures show there were 10,157 mortgages drawn down in the second quarter of the year.
Homeoptions is offering itself as an alternative to vulture funds and said it is already engaging with one bank in relation to a home loan portfolio.
90% of the loans due to be sold are family homes – about 3,200 accounts.
Sinn Féin’s No Consent, No Sale Bill aims to puts the code on a statutory footing.
People struggling to get mortgages and concerns about Brexit are affecting the market.
12,112 mortgages worth €2.6 billion were drawn down during the fourth quarter of 2018.
Lenders will now have to tell customers 60 days before their fixed term ends and let them know about new rates and other options.
Varadkar says he tried to remove split mortgage-holders from recent loan book sales but failed to do so.
From an “uncertain and extremely bleak” outlook, An Post is aiming to expand the services it offers.
Áine Carroll of the CCPC joined us live on Facebook.
The almost 45,000 mortgages approved in the last 12 months are valued at €9.9 billion.
We will put your questions to a consumer expert.
The bank sold its controversial Project Glas loan portfolio to a so-called vulture fund for around €1.3 billion.
The report looks at house prices over the year up until the end of Q2 of this of this year.
From next year banks will have to give notice of the end of fixed rate terms and let variable rate customers know if they can move to a cheaper rate.
Incomes are not rising to match lending.
Around 3,600 of the mortgages are private dwellings that have fallen in arrears.
The bank has been fined by the US Justice Department over its role in the subprime mortgage crisis.
We take a dive into the figures available for the cases brought against homeowners in the courts over the past few years.
Fianna Fáil has called for the products to be looked at.
The highest increases in prices to date in 2018 have occurred in towns.
Executives blamed the European regulator for the classification of these loans as non-performing.
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.
With tens of thousands of mortgage holders potentially facing vulture funds, we spoke to some people who’ve been through it already.
Ulster Bank said today that it would be looking to offload around 7,000 mortgages on top of PTSB’s proposed 18,000.
Sinn Féin’s Pearse Doherty said the bank has been asked to appear before the Oireachtas Finance Committee next week.
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
AS THE COUNTRY enters Level 5 restrictions for the next six weeks, we’ll all be finding different ways to occupy our time or take a break from work.
In April and May, many people put their trainers on and went for long walks, jogs or runs. Others took a dip in the sea.
With restrictions now in place, we want to know: Do you plan to exercise more over the next six weeks?
Poll Results:
Share your story: voices@thejournal.ie
Lecturer Maeve O’Rourke analyses the government’s nine main arguments in relation to the Bill.
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