Minister for Finance warns banks over increasing buy-to-let interest

Minister for Finance Michael Noonan has indicated he may move against banks that increase rates on buy-to-let borrowers who are trying to stay on interest-only tracker mortgages due to cashflow difficulties.

14th May, 2011

Minister for Finance Michael Noonan has indicated he may move against banks that increase rates on buy-to-let borrowers who are trying to stay on interest-only tracker mortgages due to cashflow difficulties.

Noonan said the government was conscious of the difficult economic environment commercial mortgage holders were facing and said he would ask the regulatory authorities to examine this area to see if something could be done.

Noonan was responding to a parliamentary question from Fine...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

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