Minister for Finance Archives - Page 8 of 8

NAMA urged to take on more loans

A report commissioned by Minister for Finance Michael Noonan on NAMA has urged it to take on more loans. A total of 780 borrowers have had their loans acquired by the National Asset Management Agency but only 180 are managed directly by NAMA, with the…

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Bank of Ireland to make €1.5bn available in mortgage lending next year

Mortgages & Money, Property News

Bank of Ireland says it will be making €1.5 billion available to customers buying their first home or moving home next year through a new mortgage fund. The bank said the fund would act as a further support to first-time buyers following measures announced in…

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Stamp duty cut on commercial property

General, Mortgages & Money, Property News, The Investor

Stamp duty on commercial property, including farmland transactions, was slashed from 6% to a flat rate of 2% from midnight last night following changes in Tuesday's Budget. Any commercial property deals concluded from last night until the end of 2013 will be exempt from capital…

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O'Dea accuses government of breaking promises to mortgage holders

Mortgages & Money, Property News

FIANNA Fáil TD Willie O’Dea has accused the Fine Gael and Labour government of breaking every promise it made to mortgage holders prior to last February’s General Election. The Limerick deputy said he has had people coming to him in tears, “admitting that they voted…

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Banks spend almost €7 million on legal fees relating to house repossession cases in last three years

Mortgages & Money, Property News

ALMOST €7 million has been spent by Irish financial institutions covered by the State guarantee in the past three years on legal fees related to house repossession cases. Minister for Finance Michael Noonan revealed the figures in the Dáil last week following a query from…

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Minister rules out legislation forcing banks to pass on rate cuts

Mortgages & Money, Property News

Minister for Finance Michael Noonan insists he has no plans to implement legislation to compel lenders to reduce their standard variable rates but will keep the matter “under review.” Responding to a query from Deputy Aodhán Ó Ríordáin in the Dáil last week, the Minister…

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Government to make announcement on mortgage crisis before Christmas

Mortgages & Money, Property News

THE government will make an announcement on the mortgage crisis before Christmas, Minister for Finance Michael Noonan has revealed. While the Minister did not give an exact date for the announcement, he hinted that it was mostly likely to be after the forthcoming Budget on…

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