Lenders raise concerns over mortgage-to-rent scheme turmoil

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 98%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Housing Agency conducting review of provider in State scheme for distressed borrowers

Several local authorities reported issues with works carried out by HFL, with an audit finding upon inspection many properties had outstanding issues that needed to be addressed.

Start Mortgages wrote to the agency three days later outlining customers had “already been negatively impacted by this issue”. Borrowers who were in the MTR process with Start and HFL “have now apparently been left in limbo”, the lender said. Mags Fullen, head of mortgages in the banking lobby group, said if MTR sales fell through for distressed borrowers they could lose the homes through possession orders.

In a January 16th response, Ms Feeney said the aim was not simply to get borrowers into the scheme, but “to ensure that they are getting what they signed up to”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Housing Agency hangs onto €4,000 ‘gift’ for former chairInternal emails state Conor Skehan would ‘very much appreciate’ being given sculpture
Source: IrishTimes - 🏆 3. / 98 Read more »

Housing Agency hangs on to €4,000 ‘gift’ for former chairInternal emails state Conor Skehan would ‘very much appreciate’ being given sculpture The fact this was even proposed is astonishing 🙄 Who cares, they are all gangsters Shareholding crooks posing as charities.
Source: IrishTimes - 🏆 3. / 98 Read more »

Housing crisis: Businesses 'considering buying out entire housing estates'“There is an enormous scarcity of talent.' Big businesses have been considering buying up entire housing estates to attract workers due to the HousingCrisis. ChambersIreland ChambersIreland You should be brought to court.where’s COVID-19 Pat? ChambersIreland Next there will the company shops and wages paid in shop tokens. History repeating itself 😠
Source: NewstalkFM - 🏆 19. / 55 Read more »

Multinationals say they are ‘not competitive’ because of Ireland’s housing shortageForeign companies claim they are losing out due to the cost of accommodation The same MNCs based themselves mainly in Dublin thanks to Shanahan, ex-CEO at IDAIRELAND, forgetting there's 25 other counties in 🇮🇪 lying empty. 😏🤔
Source: businessposthq - 🏆 8. / 71 Read more »

Firms considered buying ‘entire housing estates’ for staff, committee will hearTalent shortage driven by housing crisis the biggest threat to Ireland’s businesses, says Chambers Ireland
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

New Social Democrats leader Cairns hits out at government’s ‘housing disaster’Taoiseach Leo Varadkar told the Dáil he has not “thrown in the towel” on the crisis
Source: businessposthq - 🏆 8. / 71 Read more »