MORTGAGE REPAYMENTS: Variable interest rates are on the rise and the only way to get some certainty is to switch to a fixed-rate mortgage – but with lenders starting to withdraw them from the market, is it time to jump in before it’s too late?
NAMA is gearing up to hire another 50 staff within the next four months, increasing its headcount by 50pc. The news follows a significant rise in the number of developers Nama will have to directly manage. Nama originally expected to manage the accounts of about 80 of Ireland’s biggest developers, but is now charged with [..]
It was the heady days of July 2007 – the last moments of the pre-credit crisis era and the first of Gordon Brown’s leadership – when Irish tycoon Derek Quinlan and joint venture partner Glenn Maud announced a property deal that would rock the City. Quinlan and Maud revealed they had won the race to [..]
The European Central Bank has told the Government that it has “serious concerns” about the Credit Institutions (Stabilisation) Bill, which gives the Minister for Finance sweeping powers to intervene in the banking sector. In a seven-page opinion signed off by ECB president Jean-Claude Trichet, the Frankfurt-based institution raised concerns that the draft law is “insufficiently [..]
From 1 January 2011 any capital allowances arising in respect of expenditure incurred on a property are restricted to offset against rental income arising from that property only. Capital allowances From 7 December 2010, any unused capital allowances carried forward will be lost over a period of time depending on the tax life of the particular scheme. For schemes with a tax [..]