While there are some grumbles of dissent about Nama’s Deferred Payment Initiative for homebuyers, the scheme is generally being well received as somethig the property market desperately needs right now. Read on Read on »
The Central Bank of Ireland has issued a letter to lenders, clarifying the protections and limits on contact with consumers in arrears set out in both the Consumer Protection Code 2012 (‘2012 Code’) and the Code of Conduct on Mortgage Arrears (‘CCMA’). Both Codes are based firmly on the principles of early and proactive engagement [...] Read on »
The bank said the cut will see its variable mortgage rate move from 5.19% to 4.69%, which moves it closer in line with its main competitors’ rates. The cut will take effect from May 14 and will result in savings of about €52 a month for a customer with a mortgage of €200,000. About 74,500 [...] Read on »
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