Credit: Irish Times The mortgage repayment breaks introduced in response to the Covid-19 pandemic will not be extended beyond the end of this month and the banks will instead deal with distressed borrowers on a case-by-case basis, the Government has said. Tánaiste Leo Varadkar, Minister for Finance Paschal Donohoe, and Minister for...
Thousands in arrears for more than a decade, Central Bank reveals
Credit: Independant.ie Thousands of mortgage holders have been in arrears for a decade or more. New figures show that just over 4,700 mortgage accounts were more than 10 years in arrears in June. And close to 12,000 residential mortgage accounts were between five and 10 years behind on their payments,...
KBC Ireland fined €18.3m over role in tracker mortgage scandal
Credit: BreakingNews.ie KBC Bank Ireland has been fined €18.3 million by the Central Bank for its role in the State’s tracker mortgage scandal, during which the lender moved some borrowers off cheap loans and resisted moves by regulators to force it to remedy the situation. Borrowers lost some 66 properties,...