AIB easing terms for struggling mortgage customers
The head of AIB has said the State-owned bank is easing terms on 2,000 mortgages a month, in a bid to clean up its troubled loan book and encourage new investors by next year. David Duffy has told...
View ArticleVariable rate mortgages expected to increase shortly
Homeowners on variable mortgages could be set for further pain as interest rates are expected to be hiked in the coming weeks. According to AIB chief executive David Duffy, they will increase their...
View ArticleMeasures to deal with mortgage arrears crisis are revealed
The Government and the Central Bank have unveiled unprecedented measures to tackle the mortgage arrears crisis. The steps put greater emphasis on writing down debt, while acknowledging some borrowers...
View ArticleAIB chief Duffy insists rate increase is “regrettable” but “fair”
Allied Irish Banks (AIB) chief executive David Duffy said today it is regrettable that the bank has had to raise interest rates for customers on variable rate home loans, but added the move it is fair....
View ArticleAIB considering allowing movers to retain their trackers
State owned AIB are understood to be considering following in the footsteps of Bank of Ireland and Permanent TSB by offering new mortgage deals to existing homeowners who wish to move house while...
View ArticleIBF report hints at stabilisation in housing market
The IBF Housing Market Monitor Q2 2013, published today by the Irish Banking Federation (IBF), points to a number of indicators of stabilisation in the housing market. These include increases in the...
View ArticleAIB claims 4% of mortgage customers are strategically refusing to repay their...
Allied Irish Banks has claimed 4% of its mortgage customers have decided not to repay the money. In an address to the Oireachtas Finance Committee, AIB chief executive David Duffy also claimed that...
View ArticleAIB to allow customers move and retain their tracker mortgages
AIB has joined the growing number of banks that allow customers moving house to retain their tracker mortgages. In a letter to Fianna Fáil’s finance spokesman Michael McGrath, AIB Chief Executive David...
View ArticleProperty market has reached tipping point, insists AIB boss
The president of the Irish Banking Federation and AIB chief executive David Duffy has said the property market in Ireland has reached a tipping point. “Finance is available, confidence is improving,...
View ArticleNumber of mortgages in negative equity decreasing
A report by the Economic and Social Research Institute estimates that the number of mortgage loans where the outstanding debt exceeds the value of the property has fallen by 45,000 since 2012. The ESRI...
View ArticleClik here to view.
AIB easing terms for struggling mortgage customers
The head of AIB has said the State-owned bank is easing terms on 2,000 mortgages a month, in a bid to clean up its troubled loan book and encourage new investors by next year. David Duffy has told...
View ArticleVariable rate mortgages expected to increase shortly
Homeowners on variable mortgages could be set for further pain as interest rates are expected to be hiked in the coming weeks. According to AIB chief executive David Duffy, they will increase their...
View ArticleClik here to view.
Measures to deal with mortgage arrears crisis are revealed
The Government and the Central Bank have unveiled unprecedented measures to tackle the mortgage arrears crisis. The steps put greater emphasis on writing down debt, while acknowledging some borrowers...
View ArticleClik here to view.
AIB chief Duffy insists rate increase is "regrettable" but "fair"
AIB chief executive David Duffy Allied Irish Banks (AIB) chief executive David Duffy said today it is regrettable that the bank has had to raise interest rates for customers on variable rate home...
View ArticleClik here to view.
AIB considering allowing movers to retain their trackers
State owned AIB are understood to be considering following in the footsteps of Bank of Ireland and Permanent TSB by offering new mortgage deals to existing homeowners who wish to move house while...
View ArticleNoonan to discuss rate cuts with banks
Finance Minister Michael Noonan has said he will discuss cutting variable mortgage rates with Ireland’s top lenders in the coming weeks. Minister Noonan said that following his meeting with Central...
View ArticleAIB may reduce mortgage rates in June
AIB will look at reducing its variable interest rate for mortgage customers in June, its chief executive has said. David Duffy said that if the bank’s costs come down, it is possible that mortgage...
View ArticleNegative equity could be wiped out by 2017, ESRI predicts
The economy might be on the rise at present and pay increases being discussed but for many people the effects of the crash live on. Many people remain in negative equity and are therefore stuck with a...
View ArticleESRI reports serious shortage of office space in Dublin
The Economic and Social Research Institute (ESRI) has warned of serious supply constraints in the Dublin office market, saying a new employer of 500 people would have to wait almost two years for...
View ArticleHousing crisis will last years, says ESRI
The housing crisis is set to go on for years because not enough homes will be built. That’s the view of the Economic and Social Research Institute (ESRI) who said yesterday that 25,000 houses will have...
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