Search Results for 'United States housing bubble'

Q. I want to buy a property to lease back to my company. I need to borrow the purchase price. Is there a tax efficient way of doing this and what are the financial implications?

Figures obtained by the Fine Gael Spokesperson on Community, Rural and Gaeltacht Affairs, Deputy Michael Ring, confirm the recession is impacting on the housing sector with more state aid going to home loan payments.

PROPERTY developers across the west have been asked to attend a seminar next week on the new National Asset Management Agency (NAMA) to hear details of how this will impact upon their current relationships with their banks.

Kilkenny City Labour Party candidate, Sean Butler, called upon the Government to link the need for banks to show flexibility on fixed rate mortgages to further bailout funding for the banking sector.

Q. I purchased two residential investment properties in the middle of 2007. I took out loans on an interest only basis. The interest-only period on those loans is coming to an end in December of this year. The capital repayments on the loan will probably be impossible for me to finance. I don’t think that I can sell the houses in the current climate and even if I could, I would have to sell them at a loss. Is there anything that I can do to reduce the financing cost?

Sinn Féin EU East and local election candidate for Kilkenny city, Kathleen Funchion, has said that a recent revelation made by head of statistics at the Central Bank John Kelly is very worrying.

It’s official, the recession is here. There’s been talk of nothing else over the past few months with the Government coming under fierce criticism from opposition parties this week for not holding an adequate debate on the issue when the Dáil resumed after its summer recess.

A public information session on the new Home Choice Loan - announced for first time buyers in Budget 2009 - will be held in the Marriott Hotel on Monday October 20 at 8pm.

There is good news for under pressure mortgage holders in Budget 2010 according to Deputy John McGuinness.

A new Government backed mortgage has been launched for first time buyers called Home Choice. This is a mortgage provided through local authorities to first time buyers who are unable to secure sufficient finance from a bank or building society. Home choice loan will provide up to 92 per cent of the market value of a property purchased and the maximum loan amount will be €285,000 which will be repaid on a monthly basis.