Permanent TSB may re-introduce fixed rate mortgages but at rates as high as 7%, effectively pricing itself out of the market, The Sunday Times reports.
Posts Tagged ‘Nama’
The Construction Industry Federation (CIF) of Ireland is trying to tackle the rise of the black economy in the building trade by calling for tax-compliant certification for all state building grants.
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.
Property magnate and renowned bon viveur Johnny Ronan commands widespread coverage across news and business pages in all the broadsheets as his debts – personal and corporate – are laid bare under the Nama process.
The country’s top ten most indebted property developers want €1.5 billion in taxpayers’ money to complete projects, The Sunday Business Post reports.