Mixed messages muddy the water on bank interest charges
While the Central Bank may argue that banks are free not to apply interest during payment breaks, it doesn’t mean they can necessarily afford it
Should the banks continue to charge interest on a mortgage even when the repayments on it have been paused as an emergency measure during a global health pandemic?
On first impressions, it would appear grossly unfair to do so. The repayments have been paused, so surely, the interest should be paused also. According to the banks, however, the issue is a little more complicated when you dig down into it.
That’s exactly what they argued...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Taoiseach willing to have an inquiry into nursing home deaths
Micheál Martin has previously indicated his opposition to a full-blown state inquiry into Covid-19 deaths
Analysis: Weary public unlikely to be inspired by the latest call to persevere
After the week of bungled communications the government endured, asking people to put their faith in such a detail-free plan may strike some as asking a lot
Ministers surprised Forde not fully vetted
Aaron Forde’s nomination for Shannon Group chairman had to be withdrawn after a trawl of his social media revealed derogatory tweets about Travellers
House of cards: the changing political fortunes of a taoiseach
There have been murmurings within Fianna Fáil for the past year about replacing Micheál Martin as taoiseach – but doing so is a more complex prospect than it seems, especially given his recent recovery