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, Michael Noonan, 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, Michael Noonan, 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 banks, credit institutions, EU, European Commission, European Parliament, Michael Noonan, 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, Michael Noonan, 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, Michael Noonan, 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, Michael Noonan, 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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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged Christmas, Dáil, economy, Fianna Fáil, Fine Gael, France, jobs, Labour Party, liability, Local Authorities, Local Property Tax, Michael McGrath, Michael Noonan, Olivia Mitchell, Pearse Doherty, property tax, Sinn Féin, Spain, taxation, troika, wealth tax
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Minister for Finance Michael Noonan has said the local property tax would broaden the base for taxation in a way that does not impact on jobs and provide stable funding for local authorities. The minister said it would, in turn, encourage greater efficiency by local authorities and meet the terms of the agreement of [...]
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By The MyHome Newsdesk
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Posted in Home, Industry News, Mortgages & Money, Property News, The Investor, The Renter
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Also tagged chairman, IPOA, Irish Property Owners' Association, landlords, Local Property Tax, Michael Noonan, property tax, Stephen Faughnan, tax
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The Irish Property Owners Association (IPOA) has welcomed the clarification from the Minister for Finance that the Local Property Tax, due to apply from the summer, will be a tax deductible expense from rental income. “At last, there is some tangible recognition for landlords, who are providing an essential service in housing 20% of people [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News, The Investor, The Overseas Investor, The Renter
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Also tagged buy-to-let, household charge, income, investors, landlords, Local Property Tax, Michael Noonan, Mortgage, non-principal private residence levy, NPPR, property, property tax, rental, rental income, repayments, tax, The Irish Independent, The Thornhill Group
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Property investors and landlords will be able to deduct the new Local Property Tax from their rental income when filing a tax return. At present the non-principal private residence (NPPR) tax and the household charge are not allowed as expenses when landlords are workout out their profit as part of a tax return. However, according [...]
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Those who have yet to pay the household charge have been warned by the Minister for Finance that it will be automatically added to the forthcoming Property Tax when it is introduced later this year. Michael Noonan has said that anyone who has not yet paid the €100 charge will eventually have to do so. [...]
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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...
