IFA Launches Framework For Negotiations With Vulture Funds

IFA President Joe Healy today (Wed) announced the key principles the Association will apply in dealing with vulture funds in support of farmers with credit difficulties, as well as a strengthened farmer support network to deal with individual credit cases. The farm leader said that he wanted to send a strong and clear message that anybody […]

Important For Banks To Provide Early Intervention To Farmer Customers Facing Cashflow Difficulties

IFA Farm Business Chairman Martin Stapleton has acknowledged the commitment by Ulster Bank to provide options to alleviate cashflow pressures on farmers, including interest only repayments and extending working capital.   Martin Stapleton said Ulster Bank’s initiative is important given the severe income pressures on farms this year. He advised farmers who are facing difficulties […]

Turn Up In Court And Fight For Your Home, Or The Bank Will Take It!

At a seminar this week for mortgage-holders in distress, The Hub-Ireland, an expert group campaigning to stop evictions, urged anyone facing possession proceedings to turn up in court and fight the banks. “There are many defences you can use,” said Byron Jenkins, “but you must show up. If you don’t, the bank automatically gets your […]

Banks Must Work Proactively With Farmer Customers During Difficult 2016 -IFA

IFA Farm Business Chairman, Martin Stapleton, has written to the banks challenging them to engage actively with their farmer customers now, and to support them in tackling the short-term cashflow pressures that will be experienced by farmers across many sectors in 2016.   Mr Stapleton said, “We have made clear to the banks that they […]

Ulster Bank Commits to Seek Solutions With Farming Customers Affected by Proposed Loan Sale – IFA

Following a series of meetings, IFA has received a commitment from Ulster Bank to further engage with farmer customers in loan arrears prior to any sale of their loans, IFA National Chairman has said.   The meetings IFA held with Ulster Bank were in response to the bank’s announcement last month of its plans to […]

Ballyhea Says No – Week 250 – Why we persevere

by Diarmuid O’Flynn Last Sunday we marked week 250 of the Ballyhea Says No campaign against the imposition of odious bank-debt on the Irish people. In the days before and after I was asked many times – how have ye kept going? How do ye persevere with a cause that gets so little publicity? My […]

Banks must deliver a comprehensive and competitive service to farmers – IFA

In the past week the IFA has met with the CEOs and heads of agribusiness in the three main commercial banks: Bank of Ireland, Allied Irish Bank and Ulster bank.   Commenting on the meetings, IFA Deputy President Tim O’Leary said, “The IFA has met with the banks and expressed the key banking issues of […]

Government Bank Friendly Policies Questioned by MEP

The announcement that the Bank of Ireland is to make banking significantly more difficult for customers and especially for older people, and those living in rural areas, emphasised the expanded role which credit unions and post offices must be allowed to play in the financial services sector. This was the view of Independent MEP Marian […]

Senator Craughwell launches new policy to help those in Mortgage Arrears

Senator Gerard Craughwell has today launched a new policy document setting out five simple steps to assist those in mortgage arrears. The policy proposes a Credit Rating Amnesty, Independent Certificates of Affordability, Communications Protocols, Dedicated personal contacts and advances on Rent Allowance. ‘The problem of mortgage arrears is choking our economy. We need to focus […]

New Beginning slams Ulster Bank Mortgage write-off offer

New Beginning notes the Ulster Bank proposal today involving the possible debt write down for people who surrender their homes.   Ross Maguire, Founding Member of New Beginning, said:   This is a proposal designed to make Ulster Bank money and their customers homeless. People should be very careful here and get independent advice before […]

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