250,000 Mortgage Holders Face Hike
As many as 250,000 homeowners on standard variable loans may soon be forced to pay out at least an extra €76.50 per month on mortgage repayments. Sources believe banks will move quickly to hike interest rates on standard variable mortgages as soon as NAMA is up and running. Some of the country’s biggest lenders said […]
Government to Proceed with Banking Inquiry
The Government will today announce an inquiry into the causes of the banking crisis, but a significant portion of the investigative work is expected to take place behind closed doors. Finance Minister Brian Lenihan will bring proposals for an inquiry to a meeting of Cabinet before informing the Dáil this afternoon of the format which […]
Cork Property Investor Facing House Repossessions
The High Court has allowed Bank of Ireland repossess seven properties belonging to a Cork property investor to help pay back a EUR 2.2m loan. The properties were all security for the loan taken out with the bank in January, 2007. Bank of Ireland told the court yesterday that […]
