A group of borrowers is trapped in the never-never land of Irish mortgage arrears
It is ‘extraordinary that arrears are running at such a high level 15 years after the crash’
Pepper Finance
Pepper names former Anglo Irish banker as chief executive
Niall Sorohan is currently chief executive of Cabot Ireland
Farming couple allege Pepper Finance is pursuing them over debts fully repaid 12 years ago
A judge said that a 2012 letter, if proved correct, makes the case ‘truly astonishing’
Where next for Irish mortgage rates, and when?
The ECB is expected to start cutting interest rates but consumers should not presume that they will automatically benefit
Man whose wife died falls into arrears after PTSB delays in issuing paperwork
Bank responds to Irish Times query by introducing moratorium on mortgage and backdating it so the mortgage is no longer showing as being in arrears
Some Pepper mortgage customers face steep climb in interest rates after ‘error’
Financial services firm undercharged borrowers after failing to increase billing in line with ECB hikes
‘We were not in arrears and never had been’: PTSB sold this reader’s mortgage - now she pays hundreds more each month
A reader we shall call Siobhán is enraged at the effect of PTSB selling her mortgage. Pricewatch contacted the bank for its take
Mortgage servicer Pepper Finance sees Irish profits drop despite big revenue rise
Latest accounts for Pepper Finance Corporation (Ireland) show that it made a pre-tax profit of €11.8m last year, down from just under €14m in 2021
Couple challenges financial fund’s ‘unfair’ 8.5% mortgage interest rate
The couple are seeking orders compelling Pepper to charge them the interest rate PTSB would be charging them
Ulster Bank down to final €200m of deposits
UK-owned bank still has to find a solution for deposits linked to so-called offset mortgages
Up to 27,000 mortgages held by funds could switch providers, says Central Bank
Figure contained in a letter sent this week by Central Bank deputy governor Derville Rowland to Sinn Féin finance spokesman
Pepper unveils interest rate discount scheme for struggling mortgage customers
Loan servicing company is ‘closely monitoring’ impact of rising rates on repayments and affordability
New supports for vulnerable mortgage borrowers welcomed
Framework will allow more people to save money by switching from credit service providers to mainstream banks
Ulster Bank agrees to sell most remaining loans worth €694m to AB CarVal
Deal follows carve-up of bulk of Ulster Bank’s loan book by AIB and Permanent TSB
Purchaser of ACCBank loan cannot pursue man’s debt under 2012 judgment for €646,000
Mr Justice Garrett Simons said there was no good explanation for the eight-year delay in acting on the judgment
Pepper raises rates on most variable mortgages as average hits 7%
Latest increase by loan services company does not take into account ECB’s latest hike on Thursday
Davy Fitzgerald property repossession paused as appeal awaited
High Court’s refusal to adjourn proceedings brought by a receiver to be appealed to Court of Appeal
Pepper raises rates on 9,500 mortgages as average hits 6.3%
Average variable rate across loan books serviced by Pepper stood at about 4% before ECB started hiking official borrowing costs last July
Vulture funds don’t treat borrowers the same as banks, so why did our leaders say they do?
Regulators and ministers claimed that all borrowers would be treated equally, but the recent hike in interest rates suggests otherwise
Insolvency service site visits double as rate increases bite
Pepper will not appeal Tullamore court ruling on fixed 2.5% rate for insolvent couple as it is ‘unique case’
Pepper ruling ‘could lead to interest rate risks’, S&P warns
Personal insolvency specialists are expected to use the judgment as precedent when negotiating with lenders
Pepper loses battle of wills with judge
Decision opens door for thousands of homeowners with current and past arrears to push for more favourable mortgage rates
Ruling forcing Pepper to offer low-cost fixed mortgage rate welcomed by McGrath
Campaigner says precedent will be used in future dealings with funds managing the mortgages of borrowers in distress
Minister for Finance challenges non-bank lenders over high mortgage interest rates
Seen & heard: Ulster Bank’s soured loans; threat to Revenue ‘name and shame’ policy; and slump in AirBnB listings in Irish cities
EBS announces increase across fixed-rate residential mortgages
Price comparison website Bonkers.ie says moves by lenders to hike rates will lead to a fall in property prices
Lenders raise concerns over mortgage-to-rent scheme turmoil
Housing Agency conducting review of provider in State scheme for distressed borrowers
Supreme Court to consider contempt of court proceedings against unnamed people
Appeal was granted in proceedings taken against unknown ‘trespassers’ in two Dublin buildings associated with businessman Jerry Beades
Ulster Bank hikes interest level on fixed rate mortgages
Lender is in process of withdrawing from market in the Republic
Pepper’s interest rate hike, Digicel downgrade and Stripe’s fundraising
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Pepper to hike some mortgages to 8% after ECB moves
Group manages up to 100,000 mortgages on behalf of investment funds
Insolvency plans allowing property developer couple to write off €12m debts approved by court
Secured creditor Pepper Finance Corporation was withdrawing its objection to the plans on condition they will soon be altered
Brendan Burgess: Central Bank has let mortgage holders down badly on interest rates
Regulator has rightly taken a tough stand to control insurance pricing but it refuses to act as vulture funds squeeze borrowers with punitive rates
Sell or stick: What to do with retirement property investment gone sour
Q&A: With buy-to-let still delivering income as planned, the key question is whether you can still afford the mortgage
Loan servicing group Pepper pays €27m dividend to parent
Accounts for Pepper Finance Corporation (Ireland) show that it made a pretax profit of €13.9m on revenues of €54.5m in 2021
Zara’s billionaire founder in talks to enter Irish property market
Seen & Heard: Google Ireland still hiring, business failures tipped to rise, Aer Lingus trade unions to lodge pay claim, Pepper Finance increases mortgage rates and Kula plans first Dublin hotel
Ulster Bank workers vote to accept terms of transfer to PTSB
Deal negotiated by the Financial Services Union protects terms and conditions for members
Restaurateur Jay Bourke declared bankrupt over €558,000 tax debt
Bourke tried to have most of his €13.7 million debts written-off in failed court arrangement
Government considers €60m windfall tax on energy companies as bills soar
Seen & Heard: Jay Bourke’s debts, Gan’s results, and homes at O’Devaney Gardens also make the headlines
Jay Bourke looks for alternative cash to finance €12m debt write-off plan
Restaurateur seeks new finance as hoped-for windfall from investment in broker fades
KBC Bank Ireland completes sale of €1.1bn loans portfolio to CarVal
Lender is also in process of selling remaining €9.2bn of Irish loans to Bank of Ireland
KBC continues technical talks with Bank of Ireland as it waits for deal approval
Belgian lender expects regulatory decision on sale in second quarter of 2022, says CEO
Pepper revenues slip due to Covid but profits still stable
Non-bank lender also reports a dip in assets under management last year
KBC Bank Ireland sells €1.1bn loans portfolio to private equity giant CarVal
CarVal to acquire non-performing loans as bank advances plans to exit the Irish market
Occupants of two Dublin properties appeal against order to leave
Twenty occupants seek overturn of order requiring ‘persons unknown’ to leave
‘Greedy’ fund’s application could see 20 people evicted, High Court told
Case has serious implications for occupants of houses owned by Jerry Beades, judge hears
Up to 20 tenants could face jail unless they leave Dublin properties, court told
Fund claims defaulting owner Jerry Beades has ‘pocketed hundreds of thousands in rent’
Tenants face jail after refusing to leave rented homes
Pepper Finance to tell court that 12 households have no legal right to remain in situ
High Court refuses to approve personal insolvency for car salesman
About €190,000 is owed, mainly to financial institutions
Ulster Bank profit jumps as conduct and litigation costs drop
Operating profit rose to £54m in first nine months of the year
Ulster Bank buries bad news on bad loans on budget day
Cantillon: While everyone was preoccupied it revealed it would sell €800m of mortgages
Ulster Bank to sell €800m of mortgages to CarVal
The portfolio includes 2,800 owner-occupier loans with a face value of €715m
Low default risk in borrowers behind mortgages portfolio, says DBRS
Finance Ireland selling portfolio of 1,364 home loans on which borrowers owe €290m
Rescuing a ruin on Henrietta Street: ‘The bank just didn’t want to know’
Georgian house riddled with dry rot has been converted for quality corporate lets
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