AIB is reportedly asking would-be homeowners looking to purchase a one-bedroom apartment to pay more than a 25% mortgage deposit. As reported in the Herald.ie, the state-owned lender has reduced the level of mortgage funding for one-bedroom properties – a move could hurt first-time buyers.
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5 Percent Decrease In Household Bank Deposits
BankingAccording to recent data by the Central Bank, a combined €86.5 billion for bank deposits has been collected by Irish households.
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Irish League of Credit Unions Report Christmas Loans in Demand
LoansCredit unions in Ireland are seeing a significant increase in applications for €500 and €600 loans, reflective of households trying to fund their Christmas spending.
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Government Slices and Dices Budget Across Board; Most Vulnerable Hardest Hit
EconomyMany struggling families may suffer with an additional €1,000 a year loss after they’re hit by a bundle of stealth charges, with a second wave of additional pain possible. According to Brendan Howlin, Public Expenditure minister, said €2.2 billion in spending cuts would leave all middle-income families to deal with considerably higher bills, as reported in the Irish Examiner.
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Germany, France Come Up With Plan To Handle Europe’s Debt Crisis
EconomyChancellor Angela Merkel of Germany and President Nicolas Sarkozy of France have stuck an agreement that preserves budget discipline, which they anticipate will help get a handle on the Euro debt crisis. The two country leaders will present the plan to EU leaders.
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Will there be a double-dip recession?
EconomyThe Independent wrote a commentary on Sunday on the likelihood of a double-dip recession.
Credit Unions Help Euro 2012 Travelers Fund Their Trips
NewsFans who decide to travel to for the Euro 2012 in Eastern Europe may to head to credit unions to get loans to finance the trip according to an article in The Independent.
Variable Rate Homeowners Could See Relief From High Payments
MortgagesAccording to a report in the Independent, homeowners may be set to receive three further interest rate cuts besides the one already given.
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€100 million in micro-finance loans for business
NewsThe government is making plans to set up a new ‘micro-finance’ fund to partially guarantee loans for small businesses.
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Ireland’s loan costs start climbing again
EconomyAs reported in the Irish Times, Ireland loan costs are rising again due to the further deepening of the Eurozone debt crisis.