Brendan Burgess, founder of askaboutmoney.com, said on Monday that rather than requesting the banks to extend repayment breaks, the Government should instead consider offering a mortgage assistance payment to those in long term difficulty.

The State should offer financial assistance to homeowners struggling to meet their mortgage as a result of Covid-19, a consumer advocate has said, ami(...)

An estimated 37,000 borrowers face having their loans classed as being in default following extended Covid-19 repayment breaks. Stock photograph: iStock

Banks calculate that two-thirds of those in long-term arrears on their mortgage repayments ultimately risk losing their homes, it has emerged. About(...)

AIB chief executive Colin Hunt. In February, the bank announced it was taking an additional €300m provision to deal with tracker mortgage cases. File photograph: The Irish Times

AIB has begun paying refunds to 5,900 customers who were wrongly denied a tracker mortgage about a decade ago. All of the refunds are due to be paid o(...)

A spokeswoman for Ulster Bank  said  no  customer who was entitled to a payment break, or a payment break extension, had it withdrawn from them. Photograph Nick Bradshaw

Ulster Bank wrongly told customers they were not entitled to Covid-19 mortgage payment break extensions after initially informing them that they had q(...)

It makes no sense for Government Ministers and opposition politicians to be berating lenders for charging interest to the 72,000 mortgage holders to whom banks have given a payment break. Photograph: Crispin Rodwell/Bloomberg

Every day, up and down the country, borrowers reschedule their mortgages. This happened before the pandemic. It’s happening during the pandemic. And i(...)

AIB revealed it has provided over 40,000 temporary payment breaks for households and businesses hit by the economic shock

Shareholders dialling in AIB’s annual general meeting on Wednesday looking for a steer on how the global pandemic has impacted the bank were generally(...)

Photograph: iStock

Bank of Ireland has offered compensation to 400 mortgage borrowers that were deep in arrears, after the lender failed to send necessary “calling in de(...)

AIB said the affected customers would receive payment in July and August. Photograph: Aidan Crawley/Bloomberg via Getty Images

AIB has moved to clarify that a group of 5,900 customers who would have been entitled to avail of a prevailing tracker rate when they came off fixed-r(...)

AIB was offering tracker rates at 1.25-1.5 per cent above the ECB rate before it withdrew this product for new customers in 2008

I see that AIB has had to set aside a further €300 million for tracker mortgage cases. I thought a line had been drawn under the scandal? If only. Th(...)

Niall Wynn, owner of Proper Order Coffee Cafe Haymarket, Smithfield, Dublin with one of his compostable coffee cups. In November Minister for Climate Action and Environment Richard Bruton launches a public consultation on levies on single-use coffee cups. Photograph: Alan Betson/The Irish Times

JANUARY New Central Bank rules aimed at helping consumers save money on their mortgage repayments and making mortgage switching easier come into effe(...)

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