legislation Archives - Page 2 of 4 - MyHome.ie Advice & Blog

Property tax legislation is passed

General, Home, Mortgages & Money, Property News

Changes to the controversial property tax legislation were passed late last night by 62 votes to 41 after two-and-half hours of discussion at committee stage and heated exchanges throughout the day. Minister for Finance Michael Noonan rejected repeated opposition claims of insufficient time to discuss…

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Homeowners in insolvency can defer the property tax

General, Home, Mortgages & Money, Property News

The Finance Minister Michael Noonan has told the Dáil that homeowners who enter into insolvency arrangements with their banks will be able to defer payment of the new property tax. He made the remarks last week as he introduced new legislation amending the property tax…

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Opposition parties criticise arrangements for property tax debate

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Opposition parties have criticised arrangements for a debate tomorrow on property tax. However, despite their concerns about the matter, they have declined an offer of an extra two hours' debate. The offer was made by Tánaiste Eamon Gilmore after complaints that there was not…

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Lenders being more realistic with struggling customers

General, Home, Mortgages & Money, Property News

New data shows mortgage lenders are increasingly entering into more realistic repayment arrangements with struggling customers. The results of a new survey from the Professional Insurance Brokers Association (PIBA) show during the final quarter of 2012, nearly 70% of mortgage lenders were negotiating more realistic…

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Septic tank owners have until February 1st to register their system

General, Home, Mortgages & Money, Property News

Homeowners with septic tanks are reminded that the deadline to register their waste water system is February 1st. The so-called septic tank tax applies to all types of domestic waste water systems, including septic tanks, “bio-cycles”, storage tanks, drains, percolation areas and other forms of…

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Property tax legislation is passed by Dáil and Seanad

General, Home, Mortgages & Money, Property News

Legislation that paves the way for a Local Property Tax has been passed by the Dáil and Seanad. The final vote on the tax was approved by the Seanad by a margin of 33 votes to 16. Finance Minister Michael Noonan said this Bill had…

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Sinn Féin TD describes government's response to mortgage crisis as "inadequate"

General, Home, Mortgages & Money, Property News

Sinn Féin Justice spokesperson Deputy Pádraig Mac Lochlainn has described the government’s response to the mortgage crisis as “clearly inadequate” Speaking during a debate on the Personal Insolvency Bill, the Donegal North East TD said: “"This bill will be a disappointment for the overwhelming majority…

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Lenders criticised over arrears

General, Home, Mortgages & Money, Property News

The Central Bank's head of banking supervision Fiona Muldoon has sharply criticised the banks for their slow progress in tackling mortgage arrears cases saying that the scale of the problem showed that "wait and see" had become the strategy of choice for lenders. Speaking to…

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Getting economy back on track and avoiding mass defaults is a difficult task to juggle

General, Home, Mortgages & Money, Property News

In last week’s Friday Feedback we discussed the possible impact of the property tax and Budget on people’s finances going into 2013. As part of that article we took a brief straw poll from people to get an idea of how they would be impacted…

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Moody's expect debt forgiveness for unsustainable mortgages

Home, Mortgages & Money, Property News

International ratings agency Moody’s expects debt forgiveness to become the normal way to deal with unsustainable mortgage debt in Ireland. In a note issued yesterday, Moody’s said that once all other avenues were exhausted lenders would be left with little choice but to offer debt…

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