AIB tightening criteria? Are banks really lending? In recent days the IBF came out with a very positive story about how mortgage lending has increased year on year for the first time sin... Continue reading
The 3 tools in a bankers box. Banks have three tools (and no, it isn't the CEO, Chairperson and Secretary!) in their box for getting into good health: 1. Operationa... Continue reading
AIB debt writedowns? What does it mean? The Irish Times carried an article that stated that AIB would write down some mortgage debt. What does this mean though and who will be... Continue reading
Banks are lending (while standards tighten) I often complain that banks are 'not lending', they say this isn't true. The Central Bank then says that lending criteria is tightening... Continue reading
Mortgage writedowns occurring, but how much? We often hear that banks are writing down mortgage debts, but then the lenders themselves say 'this isn't happening'. For such a large ... Continue reading
Mortgage interest relief set to end, but is it worth it? Mortgage interest relief 'tax relief at source' or just 'trs' is a credit available to first time buyers who purchase their first home ... Continue reading
Banks acting like teenagers? I smiled when I heard that Central Bank director Fiona Muldoon had described dealing with the banks as 'like dealing with troublesome t... Continue reading
To buy or not to buy… We are constantly asked 'is now a good time to buy' and the answer as always is 'that depends'. It depends on what you are hoping for, ... Continue reading
The trend in lending and deposits We have been banging on for quite some time about the trend in mortgage and deposit rates, namely that mortgage rates will continue to ... Continue reading
Deposit rates October 2012 The leading deposit rates available at present are as follows: 1yr fixed: 3.7% with KBC (min €3,000) 1yr fixed: 3.5% with EBS (min €10... Continue reading