Banks to target landlords and buy-to-let loans

Further to Mr Patrick Honohan’s comments that the “banks will have to be more aggressive in repossessing properties in the buy-to-let sector” a couple of points should be noted.  Firstly,…

Continue Reading Banks to target landlords and buy-to-let loans

Financial Regulators – Code of Conduct for Mortgage Arrears

[issuu layout=http%3A%2F%2Fskin.issuu.com%2Fv%2Flight%2Flayout.xml showflipbtn=true documentid=100329135509-9790dbe377da427fa2d42f9a2aa52426 docname=financial-regulator-code-of-conduct-mortgage-arrea username=Rothco loadinginfotext=Financial%20Regulator%20Code%20of%20Conduct%20Mortgage%20Arrears width=420 height=297 unit=px]

Continue Reading Financial Regulators – Code of Conduct for Mortgage Arrears

Mortgage Arrears – The Tip of the Iceberg

Mortgage arrears are often part of a bigger debt picture that could involve credit card bills, car finance and credit union loans. The question is often which do you pay first? A lot of people think that it is perhaps okay not to pay their mortgage because they think the bank themselves are offering grace because of the exceptional economic circumstances. Often, people pay their credit card bills before they pay their mortgage because credit cards can be seen as a form of income.

(more…)

Continue Reading Mortgage Arrears – The Tip of the Iceberg