Brokers call for negative equity mortgages

One of the country’s largest broker groups has said the introduction of negative equity mortgages would be ‘‘a positive economic move’’, writes Emma Kennedy.

26th June, 2010

Rachel Doyle, director of mortgage services at the Professional Insurance Brokers’ Association (Piba), said that facilitating those who may be in negative equity to move home could be positive for both the individual and the economy.

‘‘The fact that someone is currently in negative equity does not necessarily mean that trading-up is beyond their means,” said Doyle. ‘‘If affordability is established, such a person may well improve their long-term financial situation, due to the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago