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Mayo Deputy Dara Calleary has said new proposals on tackling the mortgage crisis published by Fianna Fáil this week will put homeowners back in the driving seat instead of giving all the power to the banks.

Newly published proposals on tackling the mortgage crisis will put homeowners “back in the driving seat” instead of giving “all the power to the banks”.

The Government’s controversial property tax became a reality this week as homeowners across Mayo began receiving letters detailing information about the tax, how to value their property and calculate the amount of tax they owe, and how to pay. But it is estimated that it could take up to four weeks for all the letters to be issued.

Strong indications that now is the right time to buy a home, rather than continuing to rent, were expressed by a number of expert speakers at a property information evening held in Claremorris last week.

It is “deeply unfair” to expect homeowners, who “cannot afford their home as it is”, and are in mortgage arrears, to have to pay “hundreds of euro in extra tax on that home”.

The decline in property prices in recent years has seen many people contemplating entering the market for the first time. What are the factors to consider in arriving at a decision to buy?

According to the latest survey from MyHome.ie, prices for both three and four bed semi-detached houses in Mayo continued to fall in the fourth quarter of 2012.

The decline in property prices in recent years has seen many people contemplating entering the market for the first time. What are the factors to consider in arriving at a decision to buy?

With the mortgage interest relief due to come to an end by the end of the year, Galway City based agents Property Partners Maxwell Heaslip AND Leonard are offering first time buyers the opportunity to take advantage of the remaining time left before it comes to an abrupt halt.

Thousands of hard pressed mortgage holders in Mayo have been hit with yet another blow following the news that AIB is to hike up its mortgage interest rate by another 0.5 per cent. Fianna Fáil TD Dara Calleary has said the decision is further evidence that the banks and the Government have completely abandoned fraught mortgage holders.