Tag Archives: lending criteria

NAMA

NAMA launch their 80:20 Deferred Payment Initiative

The National Asset Management Agency (NAMA) has today launched its residential mortgage 80:20 Deferred Payment Initiative on a pilot basis. The initiative is one of a range of measures planned by the agency to facilitate first time buyers and other owner occupiers who wish to purchase a home and encourage activity in the housing market. The [...]

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AIB

AIB defends decision to reduce amounts it will lend to first time buyers

State-owned bank AIB has defended its decision to reduce the amount of money it is making available to first-time buyers for mortgages by 10%. The bank described its new lending criteria as “prudent” despite the fact it goes against government calls for banks to start lending for home purchases to allow buyers to avail of [...]

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