Credit: Independent.ie Every mortgage provider should offer its customers fixed-rate loans, the Finance Minister has said. Michael McGrath was responding after the Irish Independent revealed how a court decision forced mortgage servicer Pepper to give a borrower couple a low fixed rate of 2.5pc for 25 years. “I welcome the judgment,” the...
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Free Houses for Everyone in Long-Term Mortgage Arrears?
Credit: WordPress A tsunami of house repossessions, or not, depends on lenders’ plans for the 24,000 households who are in long-term mortgage arrears. When those in arrears can’t pay, or don’t engage, most assume lenders take things to the next step and seek to repossess the home. It seems, however, from recent Central Bank...