Mortgage rules raise doubts over shared equity housing scheme
Plan to help first-time buyers may clash with retail banks’ obligations under existing mortgage rules
The country’s main retail banks may be precluded from participating in the government’s proposed €75 million shared equity housing scheme under the Central Bank of Ireland’s existing mortgage rules, the Business Post has learned.
The Affordable Purchase Shared Equity Scheme has been touted by Darragh O’Brien, the housing minister, as a means of bridging the gap between what buyers can afford and the cost of a home....
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Sinn Féin finance spokesman asks in Dáil why Central Bank took no action
Two big to fail: will the sale of Davy undermine Irish banking?
Davy Stockbrokers is likely to be bought by Irish Life or Bank of Ireland, and with AIB buying Goodbody, it will create two banking behemoths, raising a number of questions as to what that will mean for the market here
NTMA paid Davy €14.2m in seven years before Anglo Irish bond scandal
The agency later terminated the stockbroker’s authority to act as main dealer in government bonds after it was fined heavily for double-dealing