A group of borrowers is trapped in the never-never land of Irish mortgage arrears
It is ‘extraordinary that arrears are running at such a high level 15 years after the crash’
Pepper Finance
Pepper names former Anglo Irish banker as chief executive
Niall Sorohan is currently chief executive of Cabot Ireland
Farming couple allege Pepper Finance is pursuing them over debts fully repaid 12 years ago
A judge said that a 2012 letter, if proved correct, makes the case ‘truly astonishing’
Where next for Irish mortgage rates, and when?
The ECB is expected to start cutting interest rates but consumers should not presume that they will automatically benefit
Man whose wife died falls into arrears after PTSB delays in issuing paperwork
Bank responds to Irish Times query by introducing moratorium on mortgage and backdating it so the mortgage is no longer showing as being in arrears
Some Pepper mortgage customers face steep climb in interest rates after ‘error’
Financial services firm undercharged borrowers after failing to increase billing in line with ECB hikes
‘We were not in arrears and never had been’: PTSB sold this reader’s mortgage - now she pays hundreds more each month
A reader we shall call Siobhán is enraged at the effect of PTSB selling her mortgage. Pricewatch contacted the bank for its take
Mortgage servicer Pepper Finance sees Irish profits drop despite big revenue rise
Latest accounts for Pepper Finance Corporation (Ireland) show that it made a pre-tax profit of €11.8m last year, down from just under €14m in 2021
Couple challenges financial fund’s ‘unfair’ 8.5% mortgage interest rate
The couple are seeking orders compelling Pepper to charge them the interest rate PTSB would be charging them
Ulster Bank down to final €200m of deposits
UK-owned bank still has to find a solution for deposits linked to so-called offset mortgages
Up to 27,000 mortgages held by funds could switch providers, says Central Bank
Figure contained in a letter sent this week by Central Bank deputy governor Derville Rowland to Sinn Féin finance spokesman
Pepper unveils interest rate discount scheme for struggling mortgage customers
Loan servicing company is ‘closely monitoring’ impact of rising rates on repayments and affordability
New supports for vulnerable mortgage borrowers welcomed
Framework will allow more people to save money by switching from credit service providers to mainstream banks
Ulster Bank agrees to sell most remaining loans worth €694m to AB CarVal
Deal follows carve-up of bulk of Ulster Bank’s loan book by AIB and Permanent TSB
Purchaser of ACCBank loan cannot pursue man’s debt under 2012 judgment for €646,000
Mr Justice Garrett Simons said there was no good explanation for the eight-year delay in acting on the judgment
Pepper raises rates on most variable mortgages as average hits 7%
Latest increase by loan services company does not take into account ECB’s latest hike on Thursday
Davy Fitzgerald property repossession paused as appeal awaited
High Court’s refusal to adjourn proceedings brought by a receiver to be appealed to Court of Appeal
Pepper raises rates on 9,500 mortgages as average hits 6.3%
Average variable rate across loan books serviced by Pepper stood at about 4% before ECB started hiking official borrowing costs last July
Vulture funds don’t treat borrowers the same as banks, so why did our leaders say they do?
Regulators and ministers claimed that all borrowers would be treated equally, but the recent hike in interest rates suggests otherwise
Insolvency service site visits double as rate increases bite
Pepper will not appeal Tullamore court ruling on fixed 2.5% rate for insolvent couple as it is ‘unique case’
Pepper ruling ‘could lead to interest rate risks’, S&P warns
Personal insolvency specialists are expected to use the judgment as precedent when negotiating with lenders
Pepper loses battle of wills with judge
Decision opens door for thousands of homeowners with current and past arrears to push for more favourable mortgage rates
Ruling forcing Pepper to offer low-cost fixed mortgage rate welcomed by McGrath
Campaigner says precedent will be used in future dealings with funds managing the mortgages of borrowers in distress
Minister for Finance challenges non-bank lenders over high mortgage interest rates
Seen & heard: Ulster Bank’s soured loans; threat to Revenue ‘name and shame’ policy; and slump in AirBnB listings in Irish cities
EBS announces increase across fixed-rate residential mortgages
Price comparison website Bonkers.ie says moves by lenders to hike rates will lead to a fall in property prices
Lenders raise concerns over mortgage-to-rent scheme turmoil
Housing Agency conducting review of provider in State scheme for distressed borrowers
Supreme Court to consider contempt of court proceedings against unnamed people
Appeal was granted in proceedings taken against unknown ‘trespassers’ in two Dublin buildings associated with businessman Jerry Beades
Ulster Bank hikes interest level on fixed rate mortgages
Lender is in process of withdrawing from market in the Republic
Pepper’s interest rate hike, Digicel downgrade and Stripe’s fundraising
Stay up to date with all our business news: sign up to our Business Today daily email news digest.
Pepper to hike some mortgages to 8% after ECB moves
Group manages up to 100,000 mortgages on behalf of investment funds
Insolvency plans allowing property developer couple to write off €12m debts approved by court
Secured creditor Pepper Finance Corporation was withdrawing its objection to the plans on condition they will soon be altered
Brendan Burgess: Central Bank has let mortgage holders down badly on interest rates
Regulator has rightly taken a tough stand to control insurance pricing but it refuses to act as vulture funds squeeze borrowers with punitive rates
Sell or stick: What to do with retirement property investment gone sour
Q&A: With buy-to-let still delivering income as planned, the key question is whether you can still afford the mortgage
YOU MAY ALSO LIKE...
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
Family NoticesOpens in new window
Weddings, Births, Deaths and other family notices