“80,000 borrowers will feel some strain from increasing interest rates and 50,000 will experience considerable difficulties, a study by IIB Bank and the Economic and Social Research Institute has found.”
50,000 Irish borrowers will experience difficulty
Just thought that I should bring back an old thread from the dead. This one looked a) Old b) Accurate
What is interesting about looking back to 2006 and indeed for much of 2007 is that the mainstream media and the banks really didn’t see it coming - their only concern was interest rates and they spared little thought of what a recession might mean. This, despite the fact that recessions happen at regular intervals and the standard mortgage will at best see two of them.