Those on variable mortgage rates paying for banks’ losses on trackers, admits...
A former Bank of Ireland CEO has admitted that variable mortgage rate holders are paying for the banks’ losses when it comes to tracker mortgages. Mike Soden said that banks had no choice but to up...
View ArticleAIB will use people’s pensions to pay off parked mortgage debt
AIB will look to use peoples’ pensions to repay any parked mortgage debt in long-term restructurings for struggling homeowners. According to Simon Carswell in today’s Irish Times, under new split...
View ArticleSupermac’s boss buys Castletroy Park Hotel
The deal to sell the Castletroy Park Hotel was completed recently with Supermac’s owner Pat McDonagh buying the Limerick hotel for just over €3 million. The four-star hotel, which was opened by...
View ArticleAIB to double its mortgage lending to €2 billion
AIB has announced plans to double its mortgage lending target for this year to €2 billion. The bank, which includes its subsidiary EBS, said it approved €1.5 billion in new mortgages last year – well...
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