‘No one needs to lose their home’ – 14,000 in arrears given hope

A change in eligibility criteria could see 14,000 homeowners in mortgage arrears qualify for inclusion under the Government’s new mortgage-to-rent scheme. It means that nobody should lose their home as a new era dawns with the banks, according to an expert. “Thousands of people in serious arrears have suffered years of anxiety and isolation, but […]

‘These guys are as cute as foxes’ – officials accused of ‘spin’ on social housing numbers

The Department of Housing was accused of “spin” in how it presented figures for the number of new social homes built last year, as senior officials appeared before the Dáil’s spending watchdog. Elsewhere, it was revealed that construction costs have returned to levels not seen since the end of the boom years. The Government’s first […]

Bank watchdog now reluctant to ban mortgage cashbacks amid pressure

The Central Bank has reservations about banning mortgage cashback deals. There are fears that cashback deals are keeping mortgage rates artificially higher, and other concerns the offers mislead borrowers about the true cost of borrowing. Some reports have suggested banks are preparing to pull cashback deals due to regulatory pressure. Bank of Ireland, Permanent TSB […]