AIB, the bank that recently acquired Ulster Bank’s mortgage book, has issued an updated statement apologizing to customers for mistakenly informing them that their monthly repayments would increase. The bank now states that there will be “no change to their monthly repayments” and assures customers that corrective action will be taken to resolve the issue. …
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Despite a decrease in the overall rate of inflation, surging prices continue to pose a challenge for consumers. According to the latest data from the Central Statistics Office, the overall inflation rate for July was 5.8%, marking the 22nd consecutive month that it has exceeded 5%. Consumer prices rose by 0.2 percentage points between June …
A technical error in Eir’s billing system has resulted in some customers being charged twice for their recent monthly bills. As a result, around 3,000 customers of the phone network have been affected by this mistake. Eir is currently working to rectify the issue and reverse the duplicate direct debit payments. The company has identified …
The average interest rate on new mortgages in Ireland rose to 4.04% in June, a significant increase from 3.84% in May, based on data from the Central Bank. This jump of 0.20 percentage points was the second-largest increase in the Eurozone. While mortgage rates fell in other countries, they continued to rise in Ireland. Despite …
The latest analysis of debit and credit card expenditure by the Bank of Ireland’s Spending Pulse reveals that the wettest July on record has led to a surge in indoor activities. The release of the movies ‘Barbie’ and ‘Oppenheimer’ has resulted in a significant increase in cinema spending, with a whopping 136% rise compared to …
Barnardos, a children’s charity, has expressed its support for the introduction of free schoolbooks for primary school children and is now urging the government to extend this scheme to all secondary school pupils. By implementing this change, Barnardos believes that a genuinely free school system can be established for all children. Additionally, the charity is …
The public service obligation (PSO) levy, which is responsible for subsidizing renewable energy operators, will be reduced to zero for the upcoming year. This decision comes as a result of the substantial profits made by wind and solar farm operators in the previous year. Instead of receiving further subsidies, these operators were required to return …
However, a recent iReach survey commissioned by Aviva Insurance suggests that many people are expecting disappointment. The study reveals that 13% of consumers aspire to buy their first home within the next five years. This desire is particularly strong among renters, as the survey encompassed a wide range of participants, including those who already own …
Mortgage interest rates for mortgages owned by vulture funds and serviced by Pepper are expected to reach an average of 7%. Pepper has announced another increase in variable rates for the majority of the 21,000 residential variable-rate mortgages it handles. Permanent TSB has also announced its fourth increase in mortgage rates since the European Central …
