By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News, The Seller
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Also tagged AIB, bank, Bank of Ireland, Chief Executive, David Duffy, fied rate, Mortgage, tracker mortgage, variable rate
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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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By The MyHome Newsdesk
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Posted in General, Home, Industry News, Mortgages & Money, Property News, The Seller
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Also tagged AIB, Bank of Ireland, banks, Danske Bank, EBS, ECB, European Central Bank, fixed rate, homeowners, KBC Bank, Mortgage, mortgages, property market, tracker mortgage, Ulster Bank, variable rate
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Homeowners will now be able to move house without having to give up their low interest tracker mortgages. Trackers are linked to the rate set by the European Central Bank, which currently has an historically low rate of 0.5%. With 375,000 homeowners currently on tracker mortgages, many are reluctant to move for fear of losing [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News, The First Time Buyer
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Also tagged bank, borrow, customers, deposits, First Time Buyers, Ger Mitchell, Mortgage, mortgages, pricing model, rates, switchers, variable rate
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Permanent TSB is set to introduce a new pricing model for mortgages this week, which would mean lower rates for some new customers. However, those with deposits of 10% or less will pay more under the new system. The bank is understood to have briefed senior staff on the plans to overhaul its mortgage offering [...]
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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, Michael Noonan, Mortgage, mortgages, 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 childcare, debt write-downs, distressed borrowers, government, guidelines, insolvency, interest, interest only, lenders, living standards, loan, Personal Insolvency Service, PTSB, repayments, split mortgage
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Permanent TSB (PTSB) says it is offering around 500 distressed borrowers deals such as split mortgages where part of their loan has been set aside. Just 1% interest will apply to the part of the mortgage that has been parked. It comes as uncertainty grows over whether lenders will be able to tell parents they [...]
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By The MyHome Newsdesk
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Posted in Uncategorized
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Also tagged ACC, AIB, arrears, Bank of Ireland, borrowers, Central Bank, crisis, David Duffy, debt, Financial Regulator, government, KBC, Matthew Elderfield, Mortgage, mortgage arrears, Ulster Bank, volunteer
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The Government and the Central Bank have unveiled unprecedented measures to tackle the mortgage arrears crisis. The steps put greater emphasis on writing down debt, while acknowledging some borrowers will have to volunteer to surrender possession of properties. Banks will be forced to reach sustainable solutions with 20% of borrowers in arrears by the end of [...]
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Permanent TSB bank has confirmed that it has raised a further €400 million in debt in a transaction with one of the leading international banks. The deal was signed in the last few days. The debt is unguaranteed under the ELG scheme and was raised on the back of PTSB’s Irish residential mortgage book for [...]
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By The MyHome Newsdesk
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Posted in Commercial, General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer, The Investor, The Seller
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Also tagged consumer, credit card, Finance, house sales, lending, loan, loans, mortgages, variable rate
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Permanent TSB has announced plans to boost its consumer lending to €450 million this year – a five fold increase on 2012. In a statement, the bank said it had €350m available for new mortgages, €100m for car and other personal loans and €5m for new credit card finance. According to the Irish Independent, the [...]
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By The MyHome Newsdesk
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Posted in Commercial, Property News
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Also tagged AIB, banking, Certus, commercial, contracts, development, firm, IBRC, industrial, loan, loan book, office, PTSB, retail, services, staff, tenders, The Irish Times, Transfer of Undertakings (Protection of Employment)
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Banking services firm Certus are the favourites to be awarded the contract to manage Permanent TSB’s €2 billion commercial loan book. The bank began inviting tenders for the contract last week. According to The Irish Times, the loan book comprises borrowings linked to office, retail and industrial developments. A small number of PTSB staff who [...]
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By The MyHome Newsdesk
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Posted in Mortgages & Money, Property News
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Also tagged Bloomberg, Chief Executive, debt forgiveness, interest rates, Irish banks, Jeremy Masding, loan, Mortgage, mortgage debt forgiveness, Ray Gordon, repayment, variable
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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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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...
