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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NAMA Banks Take Legal Action On €6B Loans
NewsApproximately €6 billion worth of loans were foreclosed on due to the action banks took against smaller property players and property syndicate members.
Irish banks should have taken out insurance on mortgages
NewsIrish banks did not take out mortgage indemnity insurance to protect themselves against losses on their mortgages, which in turn increased the cost to taxpayers of rescuing them, reported Irish Independent.