Huge Variation in Interest Rates Needs Explaining – IFA
IFA Farm Business Chair Bill O’Keeffe has highlighted the ongoing issue of the variations in interest rates between Irish lenders. “At the moment farmers who have loans with the likes of AIB and MilkFlex are incurring interest rates of up to 3% and more above what is available with other lenders. A 3% higher interest […]
Mortgage To Rent cases on the rise in Tipperary
Hundreds of Tipperary householders in unsustainable mortgage arrears and at risk of losing their homes are being given fresh hope of a solution to their problems. Central Bank figures for Tipperary show almost 1,000 family home loans in arrears for two years or more, while 61 Mortgage to Rent cases have either been completed or […]
Banks should not need a ‘Culture Board’ to tell them what respect and honesty look like – Mattie McGrath
Independent TD Mattie McGrath has said that he is deeply sceptical about the capacity of the newly established Irish Banking Culture Board to affect the kind of attitudinal change and reform that is urgently required. Deputy McGrath was speaking after the launch of the IBCB by its inaugural Chairman, Mr Justice John Hedigan: “The […]
Banks Must Support Farmers Due To Extreme Poor Weather
IFA Farm Business Chairman Martin Stapleton has written to the three main banks urging them to support their farming customers who are facing further problems with the continued bad weather. The Farm Business Chairman welcomed the announcement by AIB this week of a number of options to support farmers through the current difficulties. […]
We discussed urgency of repossession crisis with senior PTSB management – Mattie McGrath
Independent TD Mattie McGrath along with fellow Oireachtas members, John McGuiness, Michael Collins and Michael Healy-Rae as well as representatives from the Friends of Banking Ireland, Jerry Beades and Tom D’Arcy met yesterday with the Head of Retail at Permanent TSB, Brendan Kerins. Speaking after the meeting, Deputy McGrath said that there was […]
Taoiseach telling families to calm down is an insulting reply to PTSB mortgage crisis – Mattie McGrath TD
Independent TD Mattie McGrath has called on the Taoiseach, Leo Varadkar, to provide significantly more robust guarantees for the protection of families that are likely to be affected by the Permanent TSB mortgage crisis. Deputy McGrath was speaking after the Taoiseach attempted during Leaders Questions to insist that concerns were being exaggerated around the possible […]
IFA Launches Framework For Negotiations With Vulture Funds
IFA President Joe Healy today (Wed) announced the key principles the Association will apply in dealing with vulture funds in support of farmers with credit difficulties, as well as a strengthened farmer support network to deal with individual credit cases. The farm leader said that he wanted to send a strong and clear message that anybody […]
Rural Ireland must not become a carcass for US Vulture Funds
Independent TD Mattie McGrath has expressed his deep concern at reports that US based Cerberus Capital Management is set to ramp up repossessions of several hundred farms in rural Ireland. Deputy McGrath was speaking after the Irish Independent Farming Section broke the news that that as many as 200 farmers may be affected since the […]
Important For Banks To Provide Early Intervention To Farmer Customers Facing Cashflow Difficulties
IFA Farm Business Chairman Martin Stapleton has acknowledged the commitment by Ulster Bank to provide options to alleviate cashflow pressures on farmers, including interest only repayments and extending working capital. Martin Stapleton said Ulster Bank’s initiative is important given the severe income pressures on farms this year. He advised farmers who are facing difficulties […]
