Search Results for 'Loan'

Getting mortgage approval is not quite as simple as saving a deposit, filling out a form, and being handed a couple of hundred thousand euros, thank you very much.

A Government-led initiative encouraging local autorities to buy land to build social housing and create construction jobs collapsed along with the economy, leaving the Galway City Council with banks of land and loans of more than €26 million.

As this week marked the beginning of Lent and the pre-Easter season of doing without, many were wondering what more could they do without; what is there left to give up?

A Cprrandulla businessman is being pursued by Allied Irish Banks for €18 million summary judgment orders over unpaid loans allegedly advanced for property developments in Galway, property investment in New York and a bloodstock business.

Q. I purchased two residential investment properties in the middle of 2007. I took out loans on an interest only basis. The interest-only period on those loans is coming to an end in December of this year. The capital repayments on the loan will probably be impossible for me to finance. I don’t think that I can sell the houses in the current climate and even if I could, I would have to sell them at a loss. Is there anything that I can do to reduce the financing cost?

It is time for the government to step in and afford Credit Unions the same priority of protection measures extended to some banks, by underpinning their survival prospects in the current economic environment, stated Councillor Michael O’Brien.

PROPERTY developers across the west have been asked to attend a seminar next week on the new National Asset Management Agency (NAMA) to hear details of how this will impact upon their current relationships with their banks.

Sinn Féin EU East and local election candidate for Kilkenny city, Kathleen Funchion, has said that a recent revelation made by head of statistics at the Central Bank John Kelly is very worrying.