Tag: mortgage

Exemption from new Central Bank mortgage rules for those in negative equity

Fine Gael TD for Dublin Fingal, Alan Farrell has said it is positive that the new mortgage guidelines issued by the Central Bank do not apply fully to those who already own a house and are in negative equity and that at least some flexibility has been offered to first-time buyers.   “I have previously called on the Central Bank…

Mortgage advice initiative will help find solutions for distressed mortgage holders

Fine Gael Dublin North TD Alan Farrell has welcomed the announcement by the Minister for Social Protection, Joan Burton TD, that free, independent professional financial advice will be provided to borrowers in mortgage distress. The initiative, which is being funded by the banks and other lending institutions, will involve the provision of advice to distressed mortgage holders by accountants from…