troika Archives - MyHome.ie Advice & Blog

Central Bank sets out targets for dealing with customers in mortgage arrears

The Central Bank is setting out its latest targets for banks dealing with customers in mortgage arrears. After discussions with the Troika, the Central Bank says it wants to see financial institutions having "concluded arrangements" with 15% of customers in arrears of 90 days or…

Regional offices to be established to collect water charges

Building, General, Home, Mortgages & Money, Property News

The Department of the Environment has confirmed that the first bills for water charges will be issued to the public in January 2015. Minister for the Environment Phil Hogan said this followed an agreement with the Troika. Irish Water also announced it will establish eight…

Sinn Féin plan bill to repeal property tax

General, Home, Mortgages & Money, Property News

Sinn Féin are hopeful of putting a bill before the Dáil in the coming days to repeal the Local Property Tax. The opposition party are using its private members time in Dáil both last night and tonight to put forward a bill seeking to overturn…

Water charges could be delayed until 2015

General, Home, Mortgages & Money, Property News

The introduction of water charges could be delayed by a year, according to media reports. According to The Sunday Times, the Government plans to defer the tax until 2015 in an effort to ease the burden on households following the introduction of the property tax…

Property tax will broaden tax base, insists Noonan

General, Home, Mortgages & Money, Property News

Minister for Finance Michael Noonan has said the local property tax would broaden the base for taxation in a way that does not impact on jobs and provide stable funding for local authorities. The minister said it would, in turn, encourage greater efficiency by…

Unite union to oppose property tax

General, Home, Mortgages & Money, Property News

The Unite trade union has passed a motion opposing the forthcoming property tax, which comes into force in July. The motion was passed by Unite’s Irish Executive Committee last week after first being proposed by the Dublin Activist’s Committee. The Dublin Activists Committee and the…

Buy-to-let investors could have homes repossessed when legal loophole is removed

General, Home, Mortgages & Money, Property News, The Investor, The Overseas Investor

Tens of thousands of buy-to-let landlords will be first in the firing line when the Government removes a legal loophole which has stopped banks repossessing properties. Some 37,000 people who own buy-to-let homes and have a mortgage, as well as some of the 11,000 people…

Troika would accept a property tax alternative, insists Fianna Fáil

General, Home, Mortgages & Money, Property News

The Troika is “not wedded” to a property tax and is open to the measure being replaced by an alternative that would raise the same revenue, Fianna Fáil finance spokesman Michael McGrath has said. He also said officials from the European Union, International Monetary Fund…

Property tax will not affect market, insists Hogan

Home, Industry News, Mortgages & Money, Property News

Minister for the Environment Phil Hogan has insisted that the new property tax will not cause any damage to the housing market. Details of the new tax will be unveiled in December’s Budget but Minister Hogan said it would not come as a surprise to…

Property tax based on house valuation to be in force by middle of next year

Home, Mortgages & Money, Property News

A PROPERTY tax based on house valuation is set to be in force by the middle of next year as part of the Troika bailout programme, according to a report in today's Irish Times. Minister for Finance Michael Noonan yesterday insisted the system had not…