Home owners who have already negotiated payment breaks on their mortgages may also be able to avoid paying interest on up to a third of their loans over several years under new Government proposals due to be published this week.
Posts Tagged ‘banks’
Banks have renegotiated the terms on up to €10 billion in mortgages for hard-pressed borrowers, according to a report in The Sunday Tribune.
The National Treasury Management Agency (NTMA) may as well “pack its bags for next year” because it hasn’t the proverbial snowball’s chance in hell of raising a red cent from international bond markets, according to lead story in The Sunday Tribune.
The once ubiquitous Laser card, launched by Irish banks in 1996 as part of an initiative to replace cheques, could become redundant as early as next year following a decision by Bank of Ireland to switch its customers to Visa, The Sunday Times reports.
Developers are still sitting pretty according to reports in a couple of the papers. “Builders get Nama pay deal” in The Sunday Times reports that the top 10 developers – who owe billions to the state and whose assets have transferred to Nama – will be allowed to pay themselves up to €200,000 salary a year and hold on to their homes while their property assets are worked out over the next five to 10 years.