Business News

The total value of new mortgages drawn down last year rose by nearly a fifth compared to the previous year. However, the data released by the Banking and Payments Federation Ireland (BPFI) also shows that the volume of mortgages approved in December fell sharply compared to November. The BPFI Mortgage Drawdowns Report for the fourth […]

The size of the Irish economy could be 4.25% smaller than current projections over the medium term if there is a hard Brexit, according to an assessment by the Department of Finance. The department forecasts show that unemployment could rise by up to 2 percentage points in such a scenario. A small surplus projected for […]

Query: My husband, daughter and I live with my elderly parents in my parents’ primary residence. We have lived here for 18 months and I do not own any other properties. Can I inherit my parents’ primary residence tax-free in 18 months (that is, after three years of us living here) while my parents are […]

An Post has announced a rise in the price of an international stamp as well as increased prices for some large envelopes and parcels. But the cost of a stamp for sending a letter or card in Ireland is staying at €1, An Post said. An Post said its rates are in line with comparable […]

Revolut’s alternative banking services already appeals to more than 200,000 Irish users – but now the fintech is looking to expand its target market. The London-based fintech’s latest move allows its existing customers to add their children to their account as a secondary user. Through the Revolut Youth app, children can choose their own card […]

The Government has formally launched a new State lender that will finance house building.   Home Building Finance Ireland (HBFI), will lend up to €35m per scheme and up to 80pc of the development cost of housing schemes. It is aimed at small and medium sized builders/developers. HBFI has an initial €750m of State funds […]

A no-deal Brexit would significantly impact and change the economics of bringing a car from the UK into Ireland. That is according to the Chairman of the Revenue Commissioners, who is appearing before the Oireachtas Finance Committee. Niall Cody said if the UK leaves the EU those who buy cars in the UK will be […]

FINANCIAL firms have been warned by the ombudsman for sector to treat customers fairly. Financial services ombudsman Ger Deering’s warning came after making findings against a large number of them. He said financial firms are often not willing to listen to customers or engage properly. His decisions are legally binding. The ombudsman has the power […]

Pavel acquired a credit card in 1998 and made the necessary repayments on the card every month until October 2012, when he accidentally underpaid the amount by €19. He called the lender in November to say that he would make the payment of €19 as well as the late fee charge of €15. But following […]

A new option has been offered for those in deep arrears. Anyone considering the scheme would be wise to get independent financial advice. Here is how it works: Q: What is this latest scheme to help those in mortgage distress? A: The Arizun ‘Stay In Your Home’ solution is a private rental scheme targeted at […]