Definitions: The ‘Reason Why’ statement or ‘Statement of Suitability’ The Central Bank, Consumer Protection Code, states that all financial services providers must provide a potential customer with a writt... Continue reading
Waiting to go bang. The need for new forbearance. We have seen a new type of potential mortgage problem that hasn't shown up on the radar as of yet, it's with larger residential investo... Continue reading
Why make out that a phone call is a felony? I'm normally a fan of Stephen Donnelly's but have to wonder if there is some bias in his article this week. In looking at this from a ... Continue reading
Financing pre-63 properties We have covered pre-63 properties in the past and talked about how many of them have very strong cash-flows. The recent downside we've... Continue reading
New PTsb products PTsb have just issued a new rates matrix and the prices are good, they have a standard SVR for all loan to value amounts (ie: 90%) of 3... Continue reading
Refusal of Credit CCA 1995 Under the the Consumer Credit Act 1995 where a credit provider refuses to provide credit to a consumer, the consumer is entitled to ask... Continue reading
Lifetime mortgages, SHIP, reversion loans explained A Lifetime Mortgage is a housing loan, but with no immediate repayments and the borrower can continue to live in their own home. This t... Continue reading
Handling Mortgage Arrears – Terminology Moratorium: The lender agrees to freeze the repayments on the mortgage account for a specified period, normally 3-6 months. The borrowe... Continue reading
A lovely letter from Pronsias McAveleigh I received a lovely letter (made for enjoyable reading) from Pronsias McAveleigh of Bloom Parade in Dublin. He kindly started out by re... Continue reading