Brian Finn of RTE’s Business News spoke to Karl Deeter on Morning Ireland’s business news. He asked how the new changes to bankruptcy legislation would affect both borrowers and the property market.
We spoke to Brian Finn of RTE Business News about some lenders offering more split mortgages, noting that it was because of GE taking write downs and selling loan books at a loss that Pepper were able to do this while native Irish banks could not.
The area of regulation of debt managers is also a new concern and a contentious topic, the Central Bank are going to push through legislation (frankly we don’t believe there will be any changes no matter the responses to their ‘consultation’) which will embed cost into the system and won’t protect consumers any more than they already are protected.
Last of all we mentioned the Kilkenny Trust and why people need to think twice before hoping it works.