Mortgages

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The Abhaile scheme providing financial and legal advice to people who are insolvent and in mortgage arrears on their homes has been extended until the end of 2023. Since its establishment in 2016, the Abhaile scheme has supported over 19,300 households at risk of losing their homes. Of those, 80 per

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Leeds Building Society has said it will no longer lend to those buying second homes as doing so puts home ownership out of reach of first-time buyers. Leeds, which is one of the UK's 20 largest mortgage lenders, has surprised mortgage experts who said it was unusual for banks to be overtly public ab

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Mortgage lenders have too much control over outcomes under resolution processes introduced since the global financial crisis, legal rights group FLAC has said. In the second of a series of four papers, FLAC examines the difficult question of family home mortgage arrears, a problem that continues to

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Legislation extending the right to a court review to all borrowers falling into home mortgage arrears due to an unforeseeable loss of income has come into effect. The Personal Insolvency (Amendment) Act 2021, commenced with effect from 25 June 2021, makes a number of urgent changes to the Personal I

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Borrowers falling into home mortgage arrears due to an unforeseeable loss of income will gain "vital court protection" under new legislation announced today. Justice Minister Helen McEntee has secured government approval for priority drafting of the "short but urgent" Personal Insolvency (Amendment)

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Mortgage approvals fell by nearly ten per cent over the year to March 2020, according to new figures. However, the impact of COVID-19 on the mortgage market won't be clear until the figures for April are released, the Banking & Payments Federation Ireland (BPFI) warned.

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A woman who claims that the mortgage on her family home was executed without her knowledge or consent has successfully appealed an order for possession granted to Bank of Ireland Mortgage Bank. Finding that BOI had failed to establish that the woman was indebted to it in circumstances where she made

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First-time buyers are continuing to drive mortgage drawdown and approvals activity in Ireland, according to new figures. In the fourth quarter of 2019, there were 12,259 new mortgages worth €2,768 million drawn down, an increase of 1.2 per cent in volume and five per cent in value on the previo

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In a further sign that low interest rates are the new normal, Virgin Money has launched a new range of long term fixed rate residential and buy-to-let products, offering borrowers interest rate certainty for up to 15 years. The new products will include overpayments of up to 10 per cent per annum wi

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Julie Sadlier, solicitor at Kieran Mulcahy Solicitors in Limerick, writes on a recent ruling with potential significance for mortgage cases. Earlier this month, a decision from a High Court case was posted on the website of the Courts Service of Ireland. It didn’t warrant any huge public or me

1-15 of 17 Articles