Search Results for 'Arrears'

Welcoming the initiative by Banking & Payments Federation Ireland for mortgage holders who want to switch lenders but have had credit issues in the past, Brokers Ireland, a participant in assisting those seeking to switch their mortgages said now is a good time to remind mortgage holders running into difficulty to reach out for help before falling into arrears.

ronan fagan

A total of €7.3 million in Pandemic Unemployment Payment arrears will be made to more than 16,300 people in Galway. One local politician has called it "an immense boost to households and families ahead of Christmas".

Commenting on the most recent Residential Mortgage Arrears and Repossessions from the Central Bank for Q1 2020, Brokers Ireland said while it is positive that long-term arrears are showing signs of improvement they are not what they should be and there is strong evidence of ‘extend and pretend’ particularly in relation to longer term arrears.

"Too many people" have been unable to keep up with their rent or mortgage payments due to the societal effects of the Covid-19 pandemic, and the Government must take action on this issue.

Home for Life - the state-backed mortgage to rent finance scheme - has the potential to help a number of the 578 cases in Mayo reported to have over 720 days of mortgage arrears, according to the company's CEO. At the Housing Strategic Policy Committee of Mayo County Council this week, Home for Life's chief executive officer, Paul Cunningham, suggested that these arrears cases, which the Central Bank's Long-Term Mortgage Arrears in Ireland Report note as being 'in serious mortgage arrears', could be helped by the scheme.

Mayo Fine Gael TD, Michelle Mulherin, this week called for representatives of county registrars to be invited before the Oireachtas Finance Committee to discuss how meaningful engagement by the banks can help resolve the current situation on mortgage arrears.

One hundred and thirty local authority mortgages are in arrears in Galway city, but a new €20 million fund could provide a way of allowing stretched families to stay in their homes.

The unaudited annual financial statement of Castlebar Town Council to the end of 2012 was down for approval at last night’s meeting of the council. The statement showed that at the end of December last year that the town council had collected €2,780,456 in commercial rates. This figure represented 69 per cent of the total of €4,136,597 that was due for collection, with €1,266,141 owed in arrears to the town council. The council at the start of 2012 had an arrears of €1,064,081 owed to it and expected collection of €4,058,517 for the year ahead, with the council writing off €986,001 over the year leaving €4,136,597 to be collected during 2012.

Set up in January 2013, with offices based in Athlone and Dublin, Abacus Financial Advisers are a local, confidential service, committed to achieving sustainable and favourable results for their clients. They specialise in accounting and taxation, business recovery, and debt restructuring. They offer a free initial consultation, and all fees are agreed in advance.