By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged bank, banks, ECB, European Central Bank, interest rates, Minister for Finance, taxpayer, tracker mortgage, variable, variable interest rate
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Minister for Finance Michael Noonan has insisted that he will not interfere with what any bank decides to charge in interest rates. With ECB rates at an historic low of 0.5%, most banks have put their variable rates up to combat the loss they are making on tracker mortgages. This has resulted in those on [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged appeals, approved, banks, Central Bank, Cork South-West, Labour, Michael McCarthy, Minister for Finance, Mortgage, mortgage appeals, Mortgage Arrears Resolution Process, refused
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Labour TD for Cork South-West, Michael McCarthy, has said there is a need to publicise the number of mortgage appeals that are being approved or refused by State-owned banks. Mr McCarthy said: “People have a right to know if State-owned banks are turning over a healthy number of appeals or if they are refusing them. [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged address, addressee, Fianna Fáil, Finance Minister, Local Property Tax, LPT, national property register, property tax, revenue, rural, Sean Fleming, tax
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More than 26,000 property tax demands have been returned because the addressee is “not known at this address”. Finance Minister Michael Noonan said a number of factors were involved in the mis-mail which saw so many local property tax (LPT) demands returned unopened. “I am advised that there are approximately 26,000 such letters, of which [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged AIB, Allied Irish Bank, Chief Executive, David Duffy, home loan, interest rates, market rates, Mortgage, tracker mortgages, variable rate
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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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By The MyHome Newsdesk
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Posted in Mortgages & Money, Property News
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Also tagged AIB, Bank of Ireland, borrowers, Central Bank, Fianna Fáil, Finance, Finance Minister, Keane Report, lender, Michael McGrath, Mortgage, mortgages, Permanent TSB, split mortgage, warehoused mortgage
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Fianna Fáil spokesperson on finance Michael McGrath TD has said the Central Bank must intervene to remove the dramatic differences in the split mortgage offers being made by different banks to borrowers. At present, a Bank of Ireland split mortgage customer will pay tens of thousands of euro more than an AIB customer for example. [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged banks, credit institutions, EU, European Commission, European Parliament, Minister for Finance, Mortgage, mortgage consumers, Mortgage Credit Directive, mortgages
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Agreement has been reached between the Irish presidency, the European Parliament and the European Commission on the new Mortgage Credit Directive. The deal will bring closer a new EU wide set of standards for mortgage consumers as well as for banks and credit institutions. The European Commission has hailed the agreement as heralding greater protection [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged Brendan Howlin, Cork, January, Minister for Finance, Minister for the Environment, phil hogan, Public Expenditure Minister, water charges
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The exact date on when water charges will be introduced could be decided this week, according to Minister for the Environment Phil Hogan. Speaking in Cork on Friday, the Minister said that the decision as to when the charges would be implemented would be set by Finance Minister Michael Noon and Public Expenditure Minister Brendan [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged Chief Whip, Finance Local Property Tax Amendment Bill, government, legislation, Local Property Tax, Minister for Finance, property tax, The Irish Times
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Changes to the controversial property tax legislation were passed late last night by 62 votes to 41 after two-and-half hours of discussion at committee stage and heated exchanges throughout the day. Minister for Finance Michael Noonan rejected repeated opposition claims of insufficient time to discuss the Finance Local Property Tax Amendment Bill and claimed debate [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged AIB, customers, Dáil, ECB, Fianna Fáil, finance spokesperson, government, Michael McGrath, Minister for Finance, Mortgage, rate increase, speculation, unsustainable, variable rate
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Fianna Fáil finance spokesperson Michael McGrath said he is becoming increasingly concerned at the government’s complete indifference to speculation that the banks are planning another round of variable rate mortgage hikes potentially affecting up to 300,000 customers. Deputy McGrath was speaking following statements in the Dáil during Finance questions and in written parliamentary replies by [...]
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House prices were 3 times average income in 1995 before the property price boom started, they ros...
I own 2 properties. On the information leaflet I was informed that I could pay by cash. I have no...
Homeowners in insolvency can defer the property tax
The Finance Minister Michael Noonan has told the Dáil that homeowners who enter into insolvency arrangements with their banks will be able to defer payment of the new property tax. He made the remarks last week as he introduced new legislation amending the property tax bill introduced last year. The bill provides for tax exemptions [...]
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