State owned AIB are understood to be considering following in the footsteps of Bank of Ireland and Permanent TSB by offering new mortgage deals to existing homeowners who wish to move house while retaining their tracker mortgage. Chief Executive David Duffy has confirmed that the bank is examining all possible arrangements to allow people to [...]
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2nd May 2013
Davitt appointed new IPAV chief executive
Mullingar auctioneer and estate agent Pat Davitt has been appointed the new chief executive of the Institute of Professional Auctioneers and Valuers (IPAV). In the business for 31 years Pat was managing director of Davitt & Davitt Auctioneers until 2010, and he has served as IPAV president on two previous occasions. He is also a [...]
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29th April 2013
AIB chief Duffy insists rate increase is “regrettable” but “fair”
Allied Irish Banks (AIB) chief executive David Duffy said today it is regrettable that the bank has had to raise interest rates for customers on variable rate home loans, but added the move it is fair. The bank must charge market rates for loans, where it can, he said. It is “inequitable” that those on [...]
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14th February 2013
KBC rules out debt writedowns
The chief executive of KBC Bank John Reynolds has said that the bank is not writing off debt for their most hard-pressed customers. Yesterday, the Governor of the Central Bank Patrick Honohan said permanent debt relief is needed for some people. He also said that the practice should not be widespread, however. When asked if [...]
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19th November 2012
Drumm’s Abington home finally sells for €1.34m
The former home of ex-Anglo Irish Bank chief executive David Drumm has finally sold after over three years on the market. His six bed detached house at 20 Abington, Malahide, Co Dublin originally went on the market in July 2009 for €3 million. Having been on and off the market in recent years, it was [...]
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25th October 2012
Thousands receive household charge warning letters in error
Thousands of householders who have paid the household charge have received warning letters on non-payment in error. The chief executive of the Local Government Management Agency urged people who have received such letters to make contact with the agency. Speaking on RTÉ’s Morning Ireland, Paul McSweeney said if householders do not notify the agency, they [...]
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3rd October 2012
Only 15% of homes will have water meters by 2014
Only 15 per cent of houses will have been provided with water meters by the time charges must be introduced in 2014, Bord Gáis has confirmed. John Mullins, chief executive of Bord Gáis, which is in charge of Irish Water, last week said it would take 2½ to three years to fully install meters in [...]
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3rd October 2012
AIB increases mortgage rates by 0.5%
AIB will increase its variable mortgages rate by half a percentage point from 3.5% to 4% from Tuesday November 13th. This is the second rate rise by the bank in as many months and will add around €30 a month to people’s mortgage repayments per €100,000 borrowed. Around 70,000 mortgage holders are expected to be [...]
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28th September 2012
NAMA secures tenants for 4,000 apartments
The National Asset Management Agency has secured tenants for 4,000 previously unoccupied apartments. The total rent from its residential properties is €100m, NAMA’s chief executive Brendan McDonagh said today. He made his comments in a speech to the Construction Industry Federation today. Mr McDonagh said the oversupply of property was becoming less of a problem [...]
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14th September 2012
Permanent TSB chief warns about mortgage debt relief
Permanent TSB chief executive Jeremy Masding said Irish banks would need more capital should they become overly lax on mortgage debt forgiveness and variable-loan interest rates fall below those assumed in stress tests. Exceptional or unusual rules in relation to debt forgiveness “would have a material impact on customer repayment behaviour and the calculations underlying [...]
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no way has it bottomed out as the next budget will crucify us even further. Overspending in heal...
