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Thursday 23 March 2023 Dublin: 6°C

# Mortgages

All time
# compensation
Tracker mortgage scandal: AIB did not consider 'the potential fallout'
About 10,000 account holders were impacted by the scandal.
# Mortgages
€200 million first-time buyers' scheme called 'subprime lending'
It will allow buyers to get mortgages for homes up to €320,000 in Dublin.
# Tracker Scandal
Minister willing to bring in new laws to punish reckless behaviour of senior bankers
Paschal Donohoe was speaking to the Finance Committee today about the tracker mortgage scandal.
Almost no change in house prices in second half of 2017 - but it doesn't mean a bubble has burst
The Central Bank’s mortgage rules are pivotal to the story of residential property in 2017, writes economist Ronan Lyons.
# 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.
# gaffs
10% of all residential mortgages in Ireland are in arrears
The number of mortgages behind on payments has dropped since the depths of the recession.
# compensation
After putting aside €4m last year to cover tracker scandal, KBC now says it'll cost €59m
KBC estimates up to 1,661 of its customers may have been impacted.
# Mortgage distress
'They're refusing to engage': Banks reject almost half of personal insolvency proposals
The head of the insolvency service said banks are challenging proposals “on as many fronts as possible”.
# mortgage to rent
A new scheme will allow mortgage holders in long-term arrears to stay in their homes
Under the scheme, a mortgage holder will surrender their property and rent it back.
# Your Say
Poll: Do you expect to have a mortgage paid off before you retire?
A new poll suggests that nearly half of Irish people expect to still be paying off a property loan when they reach retirement age.
# Competitive
AIB cuts its standard variable mortgage rates
The bank said that it was cutting its standard variable rate (SVR) by 0.25%.
'We sold my wedding ring to afford six months' rent. We are now faced with bankruptcy'
We lost our home but our story is not unique and we are far from alone, writes Carly Bailey.
# 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.
# Abhaile
Over 4,000 borrowers flock to voucher scheme in bid to save their homes
Figures released to demonstrate the “massive” scale of the mortgage arrears problem, according to one expert.
# start saving
The average first time buyer in Ireland is 34 years old and needs at least a €50,000 deposit
According to the Central Bank, the average first time buyer received a mortgage of €185,939 last year.
# Central Bank
Dedicated staff and timeline clarity could help make mortgage-switching easier
Research shows that many consumers who have switched mortgages had a positive experience, and can save “significant sums of money”.
'Blaming' help-to-buy for property prices is just lazy
The numbers don’t stack up on claims that the scheme is a primary influence on an entire market, writes Karl Deeter.
# approved
Credit unions want to shake up the mortgage market and they've €400m to lend
A representative group also wants lending rules relaxed,
# Great Irish Sell Off
'Out of the blue, we got a letter to say our loans had been sold to a vulture fund'
Housing has become the biggest issue for hundreds of thousands of people in Ireland.
# property ladder
More than 500 people have already applied for the new first-time buyers scheme
The Help-To-Buy scheme opened for applications on Tuesday.
# preview 2017
5 trends coming down the tracks in the 2017 property market
Economist Ronan Lyons gives us his take on what to expect.
# Mortgages
'Are you bullied by the banks?': Watch Central Bank governor get grilled on tracker scandal
Philip Lane was being questioned over how many people have been overcharged on their mortgages.
# Michael McGrath
Fianna Fáil calls for punitive action after 10,000 customers 'wrongly denied' tracker mortgages
Reports suggest the final bill for the banks and other lenders could run to over €1 billion.
# it error
Double mortgage payments taken from some Permanent TSB customers
It’s understood that around 300 customers were affected.
# 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.
# tracker mortgages
Permanent TSB company fined €4.5 million for "serious failings" dealing with tracker mortgages
222 tracker mortgage customers were affected.
# House Prices
Smaller deposits and help-to-buy scheme won't 'over-egg' property market - Governor
The Central Bank says that the market ‘isn’t at risk of overheating’.
# factcheck
FactCheck: Is Fine Gael right to claim the credit for a fall in mortgages in arrears?
Fine Gael has been on Twitter and Facebook, promoting a set of claims about its role in the fall of mortgages in arrears. Do they check out?
The Central Bank Governor on why deposit limits are 'not targets but ceilings'
Governor Philip Lane explains why the Central Bank wants to make things easier for first-time buyers.
# Loan to Value
First time buyers no longer need 20% deposit on properties
Those mortgage rules have been reviewed.
# the checklist
Buying your first home: Tips to keep you sane through the process
This checklist will save you a lot of hassle and stress.
# Limerick
Courts service conducting house repossession hearings in secret 'to avoid protests'
The Courts Service in Limerick has instigated the procedure to try and stem the tide of large-scale protests at the courts.
# pepper ireland
Australian-owned lender upping its presence in Ireland's mortgage market
Pepper Money is the latest firm to offer loans direct to customers in an increasingly competitive market.
# tax rebate
Central Bank outlines exactly what its problems are with the First Time Buyer scheme
Governor Philip Lane has today outlined his concerns to a number of TDs.
# court battle
Twink battles home repossession as court hears she made no mortgage payments in five years
The bank claims it is owed €250,000 including €18,000 arrears.
# Direct Debit
Ulster Bank customers report mortgage direct debit problems
The bank says it is ‘working to resolve’ the issue.
# High Court
Six mortgage holders win compensation of up to €25k from PTSB
Permanent TSB admitted last year that it wrongly moved customers on tracker loans to more expensive mortgages.
# property news
This week's vital property news: New figures show Ireland's large number of vacant social housing units
Everything you need to know in one quick guided tour.
# factcheck
FactCheck: Did Michael Noonan tell "bare-faced lies" in the Dáil?’s FactCheck steps in to break up a fight between the Minister for Finance and the Opposition.