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Following on from their announcement to provide homebuyers with mortgages for Nama properties, Nama have now released a list of their properties that are in the hands of receivers and are now up for sale.
Yesterday Fine Gael announced their plans to help struggling homeowners. Most of what they had to say is really just a rehash of things that are, in reality, already happening. For instance they have pledged that
In the UK the banking group Llyods TSB recently started to offer Negative Equity Mortgages to their existing customers. No such mortgage product exists in Ireland yet but there is a real need for one. If you look at the figures, it just makes sense, not only for Negative Equity Homeowners but also for our under capitalised Banks.
I am going to kick off this years first blog with a look at what I see as the good, the bad and the ugly of Mortgage Interest rates in 2011. I'm a big fan of Clint Eastwood and love the film the good the bad and the ugly. The film of course has absolutely nothing to do with mortgage interest rates but looking at the good, the bad and the downright ugly is the perfect way..