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11/12/2008
Housing Collapse Sees Mortgage Brokers Fear For Job
The collapse of the mortgage market is making mortgage brokers fear for their jobs, with little hope of recovery in sight.
According to reports, four out of five mortgage brokers reported slowing sales in the past three months while just 8% indicating that businesses had improved.
Most worryingly, over a quarter claimed they were fearful for their jobs, as the construction and housing market continues on its downward slump.
Brokers are hoping the current low house prices, interest rate drop and first time buyer assistance in Octobers budget could rekindle the market.
Punctuating the building sector collapse, Dublin City Council has been forced to abandon a regeneration project near Croke Park in Dublin.
The Council said that although a preferred bidder had been chosen, negotiations for the public-private project had broken down.
The Council said it remained fully committed to the regeneration of the area, and would examine other options for the site.
(DW)
According to reports, four out of five mortgage brokers reported slowing sales in the past three months while just 8% indicating that businesses had improved.
Most worryingly, over a quarter claimed they were fearful for their jobs, as the construction and housing market continues on its downward slump.
Brokers are hoping the current low house prices, interest rate drop and first time buyer assistance in Octobers budget could rekindle the market.
Punctuating the building sector collapse, Dublin City Council has been forced to abandon a regeneration project near Croke Park in Dublin.
The Council said that although a preferred bidder had been chosen, negotiations for the public-private project had broken down.
The Council said it remained fully committed to the regeneration of the area, and would examine other options for the site.
(DW)
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03 December 2007
Budget Will 'Make Or Break' Housing Market
The Irish Government is again under intense lobbying pressure in advance of this week's 2008 Budget. This time it is the mortgage brokers who are warning that decisions made in the Budget would make or break the housing market in 2008.
Budget Will 'Make Or Break' Housing Market
The Irish Government is again under intense lobbying pressure in advance of this week's 2008 Budget. This time it is the mortgage brokers who are warning that decisions made in the Budget would make or break the housing market in 2008.
24 March 2015
FF Call On Central Bank To Directly Engage With Mortgage Providers
The Central Bank has been urged to engage directly with mortgage providers in an effort to secure a reduction in the standard variable rate. Making the call Fianna Fáil finance spokesperson Michael McGrath said that "it is clear that there is a wide and growing disparity with existing customers on SVRs very much at the bottom of the pile.
FF Call On Central Bank To Directly Engage With Mortgage Providers
The Central Bank has been urged to engage directly with mortgage providers in an effort to secure a reduction in the standard variable rate. Making the call Fianna Fáil finance spokesperson Michael McGrath said that "it is clear that there is a wide and growing disparity with existing customers on SVRs very much at the bottom of the pile.
08 July 2008
€3 billion Lost On Irish Shares
Exacerbating ongoing economic problems, the main Irish banking stocks have fallen between 8-10% in the first hour of Tuesday's trading, knocking almost €3 billion off the value of Irish shares. The Bank of Ireland is reported to have taken the biggest hit, seeing its shares plunge through the €5 mark to €4.55, a drop of over 10%.
€3 billion Lost On Irish Shares
Exacerbating ongoing economic problems, the main Irish banking stocks have fallen between 8-10% in the first hour of Tuesday's trading, knocking almost €3 billion off the value of Irish shares. The Bank of Ireland is reported to have taken the biggest hit, seeing its shares plunge through the €5 mark to €4.55, a drop of over 10%.
18 January 2018
Tracker Mortgage Victims Deserve 'Real Answers'
Ulster Bank's tracker mortgage victims deserve real answers as to why they are being made to wait while other banks are further advanced with their redress and compensation schemes.
Tracker Mortgage Victims Deserve 'Real Answers'
Ulster Bank's tracker mortgage victims deserve real answers as to why they are being made to wait while other banks are further advanced with their redress and compensation schemes.
07 November 2017
Sinn Féin Launch Multi Party Action Bill 2017
Sinn Fein Justice spokesperson Donnchadh Ó Laoghaire TD has published the Multi Party Action Bill 2017 which, if enacted, would allow for multi party litigation for similar cases as those involved in the tracker mortgage scandal.
Sinn Féin Launch Multi Party Action Bill 2017
Sinn Fein Justice spokesperson Donnchadh Ó Laoghaire TD has published the Multi Party Action Bill 2017 which, if enacted, would allow for multi party litigation for similar cases as those involved in the tracker mortgage scandal.
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Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
