Saturday June 6, 2020

Negative equity mortgages an option for just 'a few per cent' of borrowers

Negative equity mortgages will be an option for only a limited number of homeowners, and may not give the property market the kickstart that some expect, banking sources have warned.

31st March, 2012
2
We need to look at financial solutions and give people an opportunity to trade.

Negative equity mortgages will be an option for only a limited number of homeowners, and may not give the flagging property market the kickstart that some expect, banking sources have warned.

A report published by the Central Bank in February suggested that almost half of all mortgaged properties in the country were now in negative equity, meaning that hundreds of thousands of borrowers have an outstanding mortgage balance greater than the market value of their...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago