Wednesday July 15, 2020

Are we heading for second wave of repossessions?

13th December, 2017
Central Bank report laid bare human cost of financial crisis. Pic: iStock

So, with the stroke of a pen, it emerged last week the impact of the crash was worse than what we thought. Much worse, in fact.

The Central Bank published new research revealing that the number of mortgages that were adjusted since the crash was much larger than previously thought – some 200,000 mortgage holders sought deals from their banks to lower repayments as a rest of financial pressure. This is much higher than the...

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