Search Results for 'Mortgage loan'

Ballina councillor Michelle Mulherin says that a key aim of a Fine Gael government will be to support families and businesses in debt trouble.

The decline in property prices in Connaught/Donegal continues, but at a lesser pace than a year ago.

Long-term local authority tenants will have the opportunity to buy their home at almost half its market value with new provisions set out in Budget 2011.

The office of the Financial Regulator is currently revising its code of conduct on mortgage arrears. As part of a consultation, it is offering the public a rare chance to contribute its views on how financial institutions should handle mortgage arrears in future.

Fine Gael senator John Paul Phelan has warned that the current reporting of mortgage arrears is masking the true picture of how many people are struggling to make payments.

“My Party has consistently argued that we need a 24-month moratorium from the time that mortgages first go into arrears, before repossession proceedings can be taken, where a borrower makes reasonable efforts to meet their obligations to pay the mortgage on a principal private residence,” stated Dáil Labour candidate Ann Phelan.

Those looking to purchase their first home but who are finding it difficult to secure the necessary finance should consider the Home Choice Loan Scheme.

1. Never sign a contract that you do not understand (for example - if it is in a foreign language).

A first-time buyer is someone who has not previously either individually or jointly, purchased or built, on his or her own behalf, a house in Ireland or abroad. Where there is more than one purchaser, each must come within the scope of the definition in order to avail of stamp duty exemptions. In addition, it must be your principal private residence and no rent, other than rent under the stamp duty rent a room arrangements, can be derived from the property for two years after the date of the current purchase.

Ireland’s leading housing charity is seeking a complete overhaul of the Mortgage Interest Supplement claiming its criteria are too strict and not realistic in the current environment.