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!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team