New State lender – aimed at builders and developers – has initial €750m to finance house building
The Government has formally launched a new State lender that will finance house building. Home Building Finance Ireland (HBFI), will lend up to €35m per scheme and up to 80pc of the development cost of housing schemes. It is aimed at small and medium sized builders/developers. HBFI has an initial €750m of State funds […]
No-deal Brexit to increase cost of importing cars from UK – Revenue
A no-deal Brexit would significantly impact and change the economics of bringing a car from the UK into Ireland. That is according to the Chairman of the Revenue Commissioners, who is appearing before the Oireachtas Finance Committee. Niall Cody said if the UK leaves the EU those who buy cars in the UK will be […]
Ombudsman warns financial firms on treatment of customers
FINANCIAL firms have been warned by the ombudsman for sector to treat customers fairly. Financial services ombudsman Ger Deering’s warning came after making findings against a large number of them. He said financial firms are often not willing to listen to customers or engage properly. His decisions are legally binding. The ombudsman has the power […]
Ombudsman Report – underpayment of credit card debt
Pavel acquired a credit card in 1998 and made the necessary repayments on the card every month until October 2012, when he accidentally underpaid the amount by €19. He called the lender in November to say that he would make the payment of €19 as well as the late fee charge of €15. But following […]
How scheme will work for those at risk of losing home
A new option has been offered for those in deep arrears. Anyone considering the scheme would be wise to get independent financial advice. Here is how it works: Q: What is this latest scheme to help those in mortgage distress? A: The Arizun ‘Stay In Your Home’ solution is a private rental scheme targeted at […]