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

Arrears at sub-prime lenders three times higher than national average

General, Home, Mortgages & Money, Property News

The level of mortgage arrears among sub-prime lenders is three times higher than the national average, according to figures released by the Department of Finance. Some 56 per cent of sub-prime mortgages are considered to be more than 90 days in arrears, compared to the…

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Rent receivers appointed to 2,000 properties

General, Home, Mortgages & Money, Property News, The Renter

Banks have appointed receivers to collect rent from tenants in 2,000 properties where landlords have been refusing to pass the rent on to the lenders. The information emerged in a Dail reply by Finance Minister Michael Noonan to Fianna Fail's finance spokesman Michael McGrath. Rent…

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13% of next year's property tax already collected

General, Home, Mortgages & Money, Property News

The Revenue Commissioners had collected 13% of next year's Local Property Tax by the end of last month. The information has been disclosed in a Dáil reply to Fianna Fáil finance spokesman Michael McGrath. The reply stated that €65m had been collected by Revenue. It…

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Thousands expected to receive property tax refunds

General, Home, Mortgages & Money, Property News

Thousands of homeowners are expected to receive refunds on their local property tax due to an unclear clause in the legislation. Revenue said that this move was related to a clause in legislation which was originally intended to give an exemption to some first time…

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Fianna Fáil call on property tax payment arrangements to be changed

General, Home, Mortgages & Money, Property News

Fianna Fáil Spokesperson on Finance Michael McGrath has said it is not acceptable that the Revenue is collecting payment in 2013 for the 2014 Local Property Tax (LPT) liability and has called on the payment arrangements to be changed. Deputy McGrath said, “The letters sent…

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McGrath calls for bank statements on ECB rate changes

General, Home, Mortgages & Money, Property News

Fianna Fáil finance spokesperson Michael McGrath has said that, each time the ECB changes its benchmark interest rate, the banks should be required by the Central Bank of Ireland to make a statement on the impact, if any, on the full range of products offered…

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McGrath calls on Central Bank to remove differences in split mortgage offers

Mortgages & Money, Property News

Fianna Fáil spokesperson on finance Michael McGrath TD has said the Central Bank must intervene to remove the dramatic differences in the split mortgage offers being made by different banks to borrowers. At present, a Bank of Ireland split mortgage customer will pay tens of…

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Fianna Fáil makes submission on mortgage arrears

General, Home, Mortgages & Money, Property News

Fianna Fáil has published the party's submission to the Central Bank on the Review of the Code of Conduct on Mortgage Arrears and has called on the Central Bank not to implement some of the proposed changes which the party believes will alter the balance…

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Fianna Fáil calls for new mortgage resolution process

Mortgages & Money

Fianna Fáil finance spokesman Michael McGrath has said the mortgage arrears crisis is getting out of control and insisted his party’s resolution proposals would shift power away from banks and towards borrowers. Mr McGrath said mortgages associated with one in four family homes were either…

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McGrath concerned about possible mortgage rate hikes

General, Home, Mortgages & Money, Property News

Fianna Fáil finance spokesperson Michael McGrath said he is becoming increasingly concerned at the government's complete indifference to speculation that the banks are planning another round of variable rate mortgage hikes potentially affecting up to 300,000 customers. Deputy McGrath was speaking following statements in the…

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