A.E.M.A.

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Must Build Upwards - June 8^th
Hikes over 10% - June 7^th
Housing Crisis - April 27^th
Movers Have Power - May 23^rd
Prices through the roof - May 23^th
Fears of Chaos - May 23^rd
Beware of Meddling - May 23^rd
Canadian Lender - May 21^st
Rate Rise - May 20^th
Against Rate Cap - May 20^th
50,000 new homes - April 27^th
Demand for Property - April 11^th
Banks on Switching - April 11^th
New Debt Trap - March 26^th
Wrongly Denied Tracker - March 24^th
Credit Union Bid - March 24^th
First increase in lending - March 13^th
Outstrips €50m provision - March 13^th

European Commission rails against plan to cap interest rates

The much-promised law that will give the Central Bank the power to cap mortgage interest rates will harm financial stability and bank competition, the European Commission has said.

Objections to the mortgage rate cap law have already come from the European Central Bank, despite the fact that such caps are common across Europe, and the International Monetary Fund.

The bill is currently going through pre-legislation scrutiny by an Oireachtas Committee because of the fears it could contravene the Constitution, and is unlikely to be enacted until later in the year at the earliest.

Irish Independent View Full Article

Latest Quotes...

The option of selling the property and discharging the debt is not an option for those who find themselves in difficulty..

Trevor Grant, A.E.M.A.

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