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21/02/2011
Numbers In Mortgage Arrears Rise By 5,000
Figures from rating agency Moody's has revealed 5,000 more mortgage-holders are now in arrears across the Irish Republic.
Moody's said last week that 45,000 homeowners have failed to make a repayment for three months or more. The figures are on top of an estimated 40,000 others who have had to ask their lender to reduce the cost of monthly bills.
It has also emerged that courts issued 600 repossession orders for houses last year, with many of those being granted to lenders in cases where no repayments had been made for an extended period.
The majority of repossession orders are for residential properties, with 263 of the 306 properties seized by the banks in the Circuit Court last year granted because of defaults on home loans.
Meanwhile, the Northern Ireland Courts and Tribunals Service has today published statistics for writs and originating summonses issued in respect of mortgages in the Northern Ireland High Court.
During the third quarter of 2010, 825 writs and originating summonses were issued. The comparable figure for the third quarter in 2009 was 807 showing a 2% increase in the number of mortgage cases received in Chancery against the same period in 2009. However, not all writs and originating summonses lead to eviction or repossession.
UK repossessions as a whole are set to fall during the first half of 2011 (15,557 to 01 July) and rise during the second half of the year (17,700) - but Northern Ireland is expected to experience the worst rate in the UK (0.83% - 2,540), with repossession rates significantly higher than other regions.
This reflects the 10.2% fall in house prices that have occurred in the region in the last year combined with the region's links to the troubled Republic of Ireland economy.
That's according to the first regionally-based forecast which has been produced by financial outsourcer HML.
(DW)
Moody's said last week that 45,000 homeowners have failed to make a repayment for three months or more. The figures are on top of an estimated 40,000 others who have had to ask their lender to reduce the cost of monthly bills.
It has also emerged that courts issued 600 repossession orders for houses last year, with many of those being granted to lenders in cases where no repayments had been made for an extended period.
The majority of repossession orders are for residential properties, with 263 of the 306 properties seized by the banks in the Circuit Court last year granted because of defaults on home loans.
Meanwhile, the Northern Ireland Courts and Tribunals Service has today published statistics for writs and originating summonses issued in respect of mortgages in the Northern Ireland High Court.
During the third quarter of 2010, 825 writs and originating summonses were issued. The comparable figure for the third quarter in 2009 was 807 showing a 2% increase in the number of mortgage cases received in Chancery against the same period in 2009. However, not all writs and originating summonses lead to eviction or repossession.
UK repossessions as a whole are set to fall during the first half of 2011 (15,557 to 01 July) and rise during the second half of the year (17,700) - but Northern Ireland is expected to experience the worst rate in the UK (0.83% - 2,540), with repossession rates significantly higher than other regions.
This reflects the 10.2% fall in house prices that have occurred in the region in the last year combined with the region's links to the troubled Republic of Ireland economy.
That's according to the first regionally-based forecast which has been produced by financial outsourcer HML.
(DW)
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18 February 2011
NI Repossessions 'To Be Highest In UK'
UK repossessions are set to fall during the first half of 2011 (15,557 to 01 July) and rise during the second half of the year (17,700). However, Northern Ireland is expected to experience the worst rate of repossessions in the UK (0.83% - 2,540), with repossession rates significantly higher than other regions. This reflects the 10.
NI Repossessions 'To Be Highest In UK'
UK repossessions are set to fall during the first half of 2011 (15,557 to 01 July) and rise during the second half of the year (17,700). However, Northern Ireland is expected to experience the worst rate of repossessions in the UK (0.83% - 2,540), with repossession rates significantly higher than other regions. This reflects the 10.
07 June 2002
NIE proposes five year price freeze
Northern Ireland Electricity (NIE) has proposed a five year price freeze and has announced a further £250 million investment in the local network and customer services.
NIE proposes five year price freeze
Northern Ireland Electricity (NIE) has proposed a five year price freeze and has announced a further £250 million investment in the local network and customer services.
19 January 2016
Northern Ireland Year of Food & Drink 2016 Is An 'Exciting Initiative' - Bell
Enterprise, Trade and Investment Minister, Jonathan Bell, has described the Northern Ireland Year of Food & Drink 2016 as an "exciting initiative". Minister Bell was speaking at the Danske Advantage Food and Drink Event in Belfast.
Northern Ireland Year of Food & Drink 2016 Is An 'Exciting Initiative' - Bell
Enterprise, Trade and Investment Minister, Jonathan Bell, has described the Northern Ireland Year of Food & Drink 2016 as an "exciting initiative". Minister Bell was speaking at the Danske Advantage Food and Drink Event in Belfast.
20 April 2004
Good year for Tesco as profits top £1.6bn
It has been a good year for the supermarket retailer Tesco which has seen pre-tax profits soar to £1.6 billion, according to the group's full-year preliminary statement issued today. In addition to driving up pre-tax margins by 17.6%, the company said that it had slashed its debts by £600 million, down to £4.1 billion. In the UK, sales grew by 14.
Good year for Tesco as profits top £1.6bn
It has been a good year for the supermarket retailer Tesco which has seen pre-tax profits soar to £1.6 billion, according to the group's full-year preliminary statement issued today. In addition to driving up pre-tax margins by 17.6%, the company said that it had slashed its debts by £600 million, down to £4.1 billion. In the UK, sales grew by 14.
10 December 2015
Lidl Christmas Village To Return To Belfast
Lidl Northern Ireland has announced that it will return to Belfast to host the Lidl Christmas Village for the second year running. The village will take place in the Cathedral Gardens of St Anne's Cathedral and will run for four days from Thursday, 10 December until Sunday, 13 December with free admission.
Lidl Christmas Village To Return To Belfast
Lidl Northern Ireland has announced that it will return to Belfast to host the Lidl Christmas Village for the second year running. The village will take place in the Cathedral Gardens of St Anne's Cathedral and will run for four days from Thursday, 10 December until Sunday, 13 December with free admission.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
