http://www.independent.ie/national-...as-banks-get-tough-in-high-court-1197815.html banks seem to be stepping up on reposessions, good to see the judge giving some of the families some extra time. I take it Start Mortgages are subprime lender "Start Mortgages, who issued a loan to the man and his wife, rejected an offer of €2,000 a month to meet his debt, including arrears, stating that it "was not a serious offer"."
Yes - a property survey/sample, analysis and some context or comparison with recent history might help here alright. Otherwise whose to say that the number of cases mentioned is unusual?
They are happy to give you the money so easily and then when you struggle to pay they won't give you an inch.
There is a lot of media coverage both in Ireland and the UK at present about how easy money is being handed over to people. I would say that this was very true in recent years.
They have to allow a little bit of leeway, considering how much they make off us mortgage payers in interest. Sad that €2000 per month isn't considered a serious offer.
Re-possession cases are nothing new, though maybe the numbers are increasing. I act for a lender and am probably seninding our more threatening letters in the last 6 months than i did before but these are people with a history of non-payment and can't be directly related to the interest rate rises.