A round-up of today's other stories in brief...
INBS to exit fixed-rate home loan market
Irish Nationwide Building Society has become the third mortgage provider in less than two weeks to exit the fixed-rate mortgage market.
The bank said the decision had been taken “due to prevailing market conditions and the associated high cost of fixed funding” and said it would be reviewed “on an ongoing basis”.
The lender said all fixed-rate offers already issued to new customers would be honoured once they are returned signed and completed within the contracted terms.
Fixed-rate mortgage options already issued to existing mortgage customers will be honoured if they are date-stamped and received by close of business tomorrow. It said existing fixed-rate mortgage customers coming to the end of their fixed term will revert to the standard variable rate. Customers currently on fixed rate mortgages are unaffected by the announcement.
Nursing home plans rejected
Plans for a nursing home in a rural location 3km from Waterford city have been refused by An Bord Pleanála on the grounds that the development could put public health at risk, reports Olivia Kelly.
The construction of a 90- bed nursing home and 41 retirement houses at Waterford Manor Hotel, Killotteran, Butlerstown, posed a risk of water pollution and would have an adverse impact on the rural amenity of the area, the board said.
In its judgment, the board said the proposal to discharge foul effluent from the wastewater treatment system of the “large-scale” development into a tributary of the river Suir posed an “unacceptable risk of water pollution”.
The location, next to a recently discovered national monument, the Woodstown 6 Viking Settlement, was remote and poorly connected to the urban area, it said.
Apology
In our Edition of Thursday January 20th, 2011 we published remarks concerning Hugh Callaghan and Gerry Hunter, two of the Birmingham Six who suffered a notorious miscarriage of justice at the hands of the British judicial system. Insofar as those remarks were capable of a defamatory interpretation we withdraw them in their entirety and we apologise to Mr Hunter and Mr Callaghan and any others affected by such remarks. We acknowledge, consistent with The Irish Times attitude over the years, that the Birmingham Six were totally innocent at all times of the charges brought against them.
Plans for a nursing home in a rural location 3km from Waterford city have been refused by An Bord Pleanála on the grounds that the development could put public health at risk, reports Olivia Kelly.
The construction of a 90- bed nursing home and 41 retirement houses at Waterford Manor Hotel, Killotteran, Butlerstown, posed a risk of water pollution and would have an adverse impact on the rural amenity of the area, the board said.
In its judgment, the board said the proposal to discharge foul effluent from the wastewater treatment system of the “large-scale” development into a tributary of the river Suir posed an “unacceptable risk of water pollution”.
The location, next to a recently discovered national monument, the Woodstown 6 Viking Settlement, was remote and poorly connected to the urban area, it said.
Apology
In our Edition of Thursday January 20th, 2011 we published remarks concerning Hugh Callaghan and Gerry Hunter, two of the Birmingham Six who suffered a notorious miscarriage of justice at the hands of the British judicial system. Insofar as those remarks were capable of a defamatory interpretation we withdraw them in their entirety and we apologise to Mr Hunter and Mr Callaghan and any others affected by such remarks. We acknowledge, consistent with The Irish Times attitude over the years, that the Birmingham Six were totally innocent at all times of the charges brought against them.