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Thread: 29% of buy to let mortgages are more than three months in arrears

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    Default 29% of buy to let mortgages are more than three months in arrears

    Mortgage arrears on buy-to-let properties hit 29% - RTÉ News


    The banks have lent €32 billion to landlords for buy-to-let properties, but 29% of those mortgages are more than three months in arrears.

    That is almost twice the 14.7% arrears rate for owner occupied properties.


    where will this mess end
    the banks gave out these second and third mortgages to people in this country
    they have a lot to answer for
    and still ex executives get pensions of 500k, even after presiding over these mortgages
    we are a very ignorant people
    we deserve what we get

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    It's much much worse than that,

    Those numbers have have been blanched and then sautéed in butter,

    "truth is treason in the empire of lies"


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    Quote Originally Posted by kkkkkkkkkk View Post
    Mortgage arrears on buy-to-let properties hit 29% - RTÉ News

    That is almost twice the 14.7% arrears rate for owner occupied properties.
    Naturally.

    Human self interest rules in all things. People will default, sponge on benefits or swing their vote in the way that most advantages them.

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    The Banks should be reposing. This will further reduce house prices to realistic levels. About an average price of 90k nationally and then people can start buying houses to live in them.

    Problem solved.

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    Politics.ie Member Crazy horse 6's Avatar
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    Quote Originally Posted by thegregster View Post
    The Banks should be reposing. This will further reduce house prices to realistic levels. About an average price of 90k nationally and then people can start buying houses to live in them.

    Problem solved.

    Totally agree. It's about time prices starting dropping to realistic levels. The charade has to stop.

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    Politics.ie Member Aindriu's Avatar
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    Quote Originally Posted by thegregster View Post
    The Banks should be reposing. This will further reduce house prices to realistic levels. About an average price of 90k nationally and then people can start buying houses to live in them.

    Problem solved.
    As long as the banks then protect the incumbent tenants I would agree. Hopefully, my landlord will be one of them!
    If you continue to elect idiots in elections, don't be surprised when the result is an idiotic government.

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    Reposessions need to occur on a wholesale level. These are not the family homes of the landlords and should therefore be no excuse. The owners should be chased for as much as the banks can get. Many buy to let mortgages were given to people for the purposes of fulfilling their greed. The hens should come home to roost.

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    Quote Originally Posted by thegregster View Post
    The Banks should be reposing. This will further reduce house prices to realistic levels. About an average price of 90k nationally and then people can start buying houses to live in them.

    Problem solved.
    Letting market forces bring prices down to the clearing level,

    Mmmm, why won't they let it happen,

    http://www.politics.ie/forum/oireach...t-say-who.html

    Jan O'Sullivan wants to pay to bulldoze unfinished estates instead of just selling them for a pittence and letting builders finish them off and sell them at very low prices,

    I wonder why?

    "must restrict supply, keep prices high"

    It's not going to work btw, massive collapse in property prices ahead, can't say when, but you'll know it when ye see it

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    Quote Originally Posted by Aindriu View Post
    As long as the banks then protect the incumbent tenants I would agree. Hopefully, my landlord will be one of them!
    Think they will be happy enough to keep the tenants. There wont be people queuing up around the block. It isnt 2006 anymore.

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    Quote Originally Posted by kkkkkkkkkk View Post
    The banks have lent €32 billion to landlords for buy-to-let properties, but 29% of those mortgages are more than three months in arrears.
    That is almost twice the 14.7% arrears rate for owner occupied properties.

    where will this mess end ?
    the banks gave out these second and third mortgages to people in this country
    they have a lot to answer for
    and still ex executives get pensions of 500k, even after presiding over these mortgages
    we are a very ignorant people
    we deserve what we get
    So what. The important thing is that the private sector failed bank bondholders have confidence in the Irish taxpayer.

    By the way, I hope all those people with the mortgage arrears are willing to take tax rises/welfare cuts to sustain the confidence of the said gamblers holding Seanie Bonds !!!

    It would be travesty were it not to continue. I mean things could get serious. Fat Plutocrats alike Suds and donkeylaffs might even be forced to take their anger onto paper, and write op ed articles of encouragement in THISH!TERIMES, informing people of the harm that would happen if they did not pay enough !!!!
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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