mortgage repayments

Mortgages & Money
First time buyers less likely to default

First time buyers less likely to default

Research from the Central Bank shows that first time buyers have lower default rates than other participants in the housing market. A recent economic letter from the Central Bank says this could be down to a number of reasons, including the fact that first time buyers do…
Mortgage arrears rise at AIB

Mortgage arrears rise at AIB

The level of mortgages in arrears in AIB has risen to 16%, the bank revealed today. At its AGM in Dublin, chairman David Hodgkinson forecast a further increase in the number of loan impairments this year before stabilising at the end of 2012. AIB says…
New legislation to be unveiled today

New legislation to be unveiled today

New legislation to reform Ireland’s bankruptcy laws and assist those struggling with their mortgage repayments will be outlined in detail by senior Government Ministers this morning. Minister for Finance Michael Noonan and Minister for Justice Alan Shatter will unveil the Personal Insolvency Bill, which will…