Charlie Weston: ‘This is the biggest consumer scandal the country has ever suffered – and it is far from resolved’

Today’s report states It is going to be an expensive year for our tracker mortgage-­stealing banks. Following the record fine of €21m imposed on Permanent TSB for denying customers the right to a good-value tracker mortgage, another five banks can expect to be fined similar amounts. Bank of Ireland, AIB and its subsidiary EBS, Ulster […]

MAJORITY OF IRISH MORTGAGES HAVE FIXATIONS BELOW 5 YEARS

According to a recent report The Central Bank of Ireland published a paper on Friday entitled Fixed Rate mortgages – generating risk or building resilience. The paper noted a rapid shift in traditional variable rate mortgages towards fixed rate mortgages in Ireland and other countries. Fixation periods appear to be slowly lengthening. The paper notes […]

BoI approves €750m funding to build thousands of new homes

A recent report states Bank of Ireland has approved more than €750m in development finance to fund the construction of thousands of new homes and student beds. The bank, which has a €1.5bn rolling fund, has also increased the size of its development finance team to 16. Business banking chief Michael Lauhoff said the fund […]