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21/02/2011
Numbers In Mortgage Arrears Rise By 5,000
Figures from rating agency Moody's has revealed 5,000 more mortgage-holders are now in arrears across the Irish Republic.
Moody's said last week that 45,000 homeowners have failed to make a repayment for three months or more. The figures are on top of an estimated 40,000 others who have had to ask their lender to reduce the cost of monthly bills.
It has also emerged that courts issued 600 repossession orders for houses last year, with many of those being granted to lenders in cases where no repayments had been made for an extended period.
The majority of repossession orders are for residential properties, with 263 of the 306 properties seized by the banks in the Circuit Court last year granted because of defaults on home loans.
Meanwhile, the Northern Ireland Courts and Tribunals Service has today published statistics for writs and originating summonses issued in respect of mortgages in the Northern Ireland High Court.
During the third quarter of 2010, 825 writs and originating summonses were issued. The comparable figure for the third quarter in 2009 was 807 showing a 2% increase in the number of mortgage cases received in Chancery against the same period in 2009. However, not all writs and originating summonses lead to eviction or repossession.
UK repossessions as a whole are set to fall during the first half of 2011 (15,557 to 01 July) and rise during the second half of the year (17,700) - but Northern Ireland is expected to experience the worst rate in the UK (0.83% - 2,540), with repossession rates significantly higher than other regions.
This reflects the 10.2% fall in house prices that have occurred in the region in the last year combined with the region's links to the troubled Republic of Ireland economy.
That's according to the first regionally-based forecast which has been produced by financial outsourcer HML.
(DW)
Moody's said last week that 45,000 homeowners have failed to make a repayment for three months or more. The figures are on top of an estimated 40,000 others who have had to ask their lender to reduce the cost of monthly bills.
It has also emerged that courts issued 600 repossession orders for houses last year, with many of those being granted to lenders in cases where no repayments had been made for an extended period.
The majority of repossession orders are for residential properties, with 263 of the 306 properties seized by the banks in the Circuit Court last year granted because of defaults on home loans.
Meanwhile, the Northern Ireland Courts and Tribunals Service has today published statistics for writs and originating summonses issued in respect of mortgages in the Northern Ireland High Court.
During the third quarter of 2010, 825 writs and originating summonses were issued. The comparable figure for the third quarter in 2009 was 807 showing a 2% increase in the number of mortgage cases received in Chancery against the same period in 2009. However, not all writs and originating summonses lead to eviction or repossession.
UK repossessions as a whole are set to fall during the first half of 2011 (15,557 to 01 July) and rise during the second half of the year (17,700) - but Northern Ireland is expected to experience the worst rate in the UK (0.83% - 2,540), with repossession rates significantly higher than other regions.
This reflects the 10.2% fall in house prices that have occurred in the region in the last year combined with the region's links to the troubled Republic of Ireland economy.
That's according to the first regionally-based forecast which has been produced by financial outsourcer HML.
(DW)
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14 June 2010
CIPR Journalism Awards In Full
Deric Henderson of the Press Association has been awarded the Journalist of the Year title The Belfast Telegraph lifted the title for Coca-Cola CIPR Newspaper of the Year, and the BBC's Spotlight Programme won the Coca-Cola CIPR Scoop of the Year and the Coca-Cola CIPR Current Affairs Programme of the Year for its Irish Robinson Investigation.
CIPR Journalism Awards In Full
Deric Henderson of the Press Association has been awarded the Journalist of the Year title The Belfast Telegraph lifted the title for Coca-Cola CIPR Newspaper of the Year, and the BBC's Spotlight Programme won the Coca-Cola CIPR Scoop of the Year and the Coca-Cola CIPR Current Affairs Programme of the Year for its Irish Robinson Investigation.
18 February 2011
NI Repossessions 'To Be Highest In UK'
UK repossessions are set to fall during the first half of 2011 (15,557 to 01 July) and rise during the second half of the year (17,700). However, Northern Ireland is expected to experience the worst rate of repossessions in the UK (0.83% - 2,540), with repossession rates significantly higher than other regions. This reflects the 10.
NI Repossessions 'To Be Highest In UK'
UK repossessions are set to fall during the first half of 2011 (15,557 to 01 July) and rise during the second half of the year (17,700). However, Northern Ireland is expected to experience the worst rate of repossessions in the UK (0.83% - 2,540), with repossession rates significantly higher than other regions. This reflects the 10.
07 June 2002
NIE proposes five year price freeze
Northern Ireland Electricity (NIE) has proposed a five year price freeze and has announced a further £250 million investment in the local network and customer services.
NIE proposes five year price freeze
Northern Ireland Electricity (NIE) has proposed a five year price freeze and has announced a further £250 million investment in the local network and customer services.
19 January 2016
Northern Ireland Year of Food & Drink 2016 Is An 'Exciting Initiative' - Bell
Enterprise, Trade and Investment Minister, Jonathan Bell, has described the Northern Ireland Year of Food & Drink 2016 as an "exciting initiative". Minister Bell was speaking at the Danske Advantage Food and Drink Event in Belfast.
Northern Ireland Year of Food & Drink 2016 Is An 'Exciting Initiative' - Bell
Enterprise, Trade and Investment Minister, Jonathan Bell, has described the Northern Ireland Year of Food & Drink 2016 as an "exciting initiative". Minister Bell was speaking at the Danske Advantage Food and Drink Event in Belfast.
07 August 2009
Mortgage Repossession 'Last Resort'
It has emerged that new legislation will require that judges in Northern Ireland should now see repossession proceedings against homeowners as a last resort. According to details just made public, this is part of a repossession protocol which has been announced by the Lord Chief Justice, Sir Declan Morgan.
Mortgage Repossession 'Last Resort'
It has emerged that new legislation will require that judges in Northern Ireland should now see repossession proceedings against homeowners as a last resort. According to details just made public, this is part of a repossession protocol which has been announced by the Lord Chief Justice, Sir Declan Morgan.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
