Primetime looked at the property market news of a 40% drop in prices from peak to date and after the package piece they had an ‘in studio’ piece. The debate centred around property and mortgages as well as some of the issues regarding negative equity.
Mark Little speaks to Aoife Walsh from Respond! and Karl Deeter of Irish Mortgage Brokers about the looming mortgage issues in the Irish property market, the commentary was on the recent IBF protocol (Irish Bankers Federation) whereby people working with their lender can get a further 6 month extension on dealing with their mortgage if they are in difficulty. While we broadly welcome the move we also believe that there are other motivations for it as well as some genuine questionable solutions.