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The purchase of a property by the Galway City Council in Killtullagh, Oranmore has been described by the Mayor of the Galway County Council, James Charity, as "deeply concerning".

Commenting on the most recent Residential Mortgage Arrears and Repossessions from the Central Bank for Q1 2020, Brokers Ireland said while it is positive that long-term arrears are showing signs of improvement they are not what they should be and there is strong evidence of ‘extend and pretend’ particularly in relation to longer term arrears.

Commenting on the most recent Central Bank report on retail interest rates for May, Brokers Ireland said not only are Irish mortgage holders paying much higher interest rates than their euro area counterparts but Irish SMEs are being “absolutely fleeced” by comparison with their euro area businesses.

IPAV, the Institute of Professional Auctioneers and Valuers, has warned that if over-zealous lending restrictions are implemented by banks it will ruin confidence among builders and cause house building to slow to a trickle.

The average household can offset some of the financial impacts of COVID-19 by saving €5,000 per annum in three simple steps according to a mortgage expert.

Mayo County Council has confirmed arrangements are now in place for home loan borrowers who may be experiencing a reduction in their income arising from the Covid-19 emergency and may not be able to make repayments on their loans.

Banks must freeze payments and interest on all student loans for a three-month period, similar to the measures introduced by the retail banks for mortgages and business loans.

A moratorium on commercial rates, insurance rebates, and mortgage and rent freezes, are urgently required to assist individuals, and small/medium businesses to withstand the impact of the coronavirus pandemic.

Many Irish homeowners could shave ten years off their home repayments by switching mortgages and keeping their repayments at the same level, a new report has found.

Requirements of applicants seeking a loan under the Rebuilding Ireland Home Loan scheme should be relaxed (RIHL) according to Tuam area councillor Karey McHugh Farag.