Wednesday, Aug 19, 2009
Some serious shenannigans in the rapidly deteriorating Auld Sod
Irish Examiner: Banks deny mortgage threshold claim
BANKS have rebuffed claims that they are refusing mortgages below certain amounts in order to inflate property prices ahead of the start up of NAMA.
Ireland’s largest housing charity claimed yesterday that some banks were not lending below certain levels.
Respond! said many buyers were unable to access mortgage funds for amounts less than €150,000.
A senator also stood over claims that management at one major bank had admitted to him that loans of less than €175,000 were not being released for properties in the Dublin area.
Read more: http://www.irishexaminer.ie/ireland/banks-deny-mortgage-threshold-claim-99013.html#ixzz0OdBQ0vU8
Posted by buddleia @ 01:22 PM (376 views) Add Comment
1 Comment
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1. europeanbear said...
Dows not surprise me. The Isish property market and banking system has so many problems that any trick will be attempted. Just let Bank of Ireland, AIB and Anglo-Irish go bust and hence write off their bad debts. The "too big to fail banks" are disfunctional and cannot offer banking services even though they have been bailed out. Ireland is a microcosm of the world-wide problem