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The Banking & Payments Federation Ireland members including AIB, Bank of Ireland, Ulster Bank, Permanent TSB and KBC Bank Ireland, together with non-bank lenders and specialist lenders, and credit servicing firms, announced the news on Thursday. “Today’s confirmation of an extension of the payment break for those customers directly impacted by Covid-19, is an important signal to those most affected, be they mortgage holders, those with personal loans or SMEs," BPFI Chief Executive, Brian Hayes, said.
The banks what great institutions 😕
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Ireland's 5 main banks agree to extend loan repayment break from 3 to 6 monthsIreland's five main banks agree to extend loan repayment period for those affected by coronavirus from three to six months Tick tock tick tock, are the banks at risk of going bust? If they go, nearly every business will go and every hospital will close.
Source: IrishMirror - 🏆 4. / 98 Read more »
Banks 'very close' to extension of Covid-19 mortgage breakThe scheme sees qualifying customers whose earnings have been affected by the Covid-19 pandemic receive a break on loan repayments People need to question their banks on this break if they take it. PearseDoherty has seen examples of it costing people thousands in interest on the overall mortgage. What the hell, like this is so good off them 😡😡😡😡 how about we just consider all loans paid as payback for the bailout instead Asked our mortgage provider. Break would cost additional €12k over life of mortgage, paying interest only for few months would cost €6k. AND couldn’t guarantee it wouldn’t affect credit rating if went beyond three months (they’re offering 6months) No thanks.
Source: thejournal_ie - 🏆 32. / 50 Read more »