its home loan offering two years ago as interest costs soared, has ruled out a return to the mortgage market until “2025 at the earliest” as mainstream banks continue to enjoy a significant competitive advantage with cheap deposit funding. Joe Brennan reports.about 40 people over the next two years but the company warns there is a shortage of skilled workers and apprentices in the State. Barry O’Halloran has the details.has had on the economy.
Also on Inside Business, Ciaran spoke to the ITIC’s Eoghan O’Meara Walsh and Paul Donnellan, Head Chef and Owner of Gemelle’s Restaurant in Galway on thesurged to more than 8 per cent in May as the market shrugged off the impact of higher borrowing costs. The latest residential property price index, compiled by the Central Statistics Office, indicated prices rose at an average rate of 8.2 per cent in the 12 months to May, up from a rate of 7.9 per cent the previous month.
In a curious court case, a couple allege a debt purchaser is attempting to sell part of their farmland on foot of IR£61,000 loans the Irish Bank Resolution Corporation told them werein full 12 years ago. High Court judge Ms Justice Siobhán Stack said this will be a “truly astonishing” case if the 2012 letter saying the debt was serviced and the IBRC no longer holds any interest in the folio proves to be correct. Ellen O’Riordan was in court.
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