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The Tubridy pay scandal explained: What it's all about and what might happen next

The controversy has posed major questions for RTÉ and the presenter himself.

RTÉ HAS FACED a gruelling 24 hours in the spotlight after revelations emerged on Thursday that it has under-reported exactly how much it has paid Ryan Tubridy over the past number of years.

Details of additional payments to Tubridy first emerged yesterday, and have prompted a deluge of statements from the broadcaster, the presenter himself and Government and opposition politicians – as well as anger from the public and RTÉ staff.

It has posed major questions for the future funding of the broadcaster as well as Tubridy himself. Here’s what we know so far – and what exactly those questions are.

What happened with Ryan Tubridy’s pay?

Secret payments totalling €345,000 to Ryan Tubridy between 2017 and March of this year have gone unreported by RTÉ.

The broadcaster publishes the annual salaries of its top earners every year (though RTÉ only discloses earnings from two years previously – for example, the most recent release of figures in March of this year related to salaries from 2021).

Those figures consistently show that Tubridy is RTÉ’s top earner. According to the latest release in March, the former Late Late host was officially paid €440,000 in 2021.

But now it’s emerged that this isn’t the full story.

A statement released by RTÉ yesterday revealed that in 2020 and 2021, Tubridy was paid an additional income of €75,000 per year.

This was originally intended to come from a commercial partner – understood to be Renault – in exchange for a number of personal appearances.

RTÉ issued a credit note to Renault, which reduced the cost of a sponsorship arrangement it already had with the broadcaster.

The additional payment was guaranteed and underwritten by RTÉ. When Renault decided not to renew the agreement after 2020, RTÉ made payments to Tubridy’s agent, on the broadcaster’s behalf.

So as well as the payment from Renault in 2020, Tubridy also received €150,000 from RTÉ in the form of two payments of €75,000 each for 2021 and 2022.

These payments were made via what’s known as a barter account, which are used by companies to exchange goods or services for other goods or services (for example, a company selling mineral water might supply water to a show in exchange for free advertising during an ad break).

The use of barter accounts is an industry standard but is done through an intermediary, so doesn’t come for free – in this case, RTÉ spent an additional €80,000 in fees to the intermediary, on top of the €150,000 that was paid to Tubridy.

On top of that, RTÉ said that it had also understated Tubridy’s actual earnings from 2017 to 2019 and for the first three months of 2023, to the tune of almost €140,000.

Tubridy’s annual earnings published by RTÉ between the years 2017 and 2022 ranged from €440,000 to €491,667, but actually ranged from €511,667 to €545,000.

So while the broadcaster initially claimed in its public releases before yesterday that Tubridy earned around €2.8 million between 2017 and 2022, the correct figure was north of €3 million.

schull-west-cork-ireland-19th-aug-2019-after-many-years-of-invitations-tv-and-radio-star-ryan-tubridy-finally-came-to-schull-to-present-his-show-on-rte-radio-1-today-he-interviewed-local-peopl Alamy Stock Photo Alamy Stock Photo

How did the issue come to light?

In late March (shortly after Tubridy announced he was stepping down as host of the Late Late Show), internal auditors examining RTÉ’s accounts for 2022 discovered an issue around what the broadcaster has described as “transparency of certain payments”.

The RTÉ Board was informed and its Audit and Risk Committee then commissioned external auditors Grant Thornton to carry out an independent review.

Grant Thornton’s findings were presented back to the committee last Friday before a wider board meeting was held on Monday to discuss the matter.

Yesterday, there were media reports about a potential issue relating to payments at RTÉ, but it was unclear specifically what the problem was.

The Journal and other outlets had contacted the broadcaster asking about the matter earlier in the week, but received no response.

Media Minister Catherine Martin, whose brief deals with RTÉ, was also asked by reporters yesterday whether she was aware of an issue. She said that she was aware of the issue but didn’t specify what it was either.

It has been reported that some RTÉ staff were given full details about the matter at 2.30pm on Thursday afternoon, just half an hour before the broadcaster issued a lengthy statement which confirmed details about the payments to Tubridy.

What have RTÉ and Tubridy said about it all?

Chair of the RTÉ Board Siún Ní Raghallaigh, who was quoted in that RTÉ statement, apologised and expressed “profound regret” about the controversy on behalf of the board.

“We are well aware that this is a serious breach of trust with the public. On behalf of the Board, I wish to apologise for what has occurred. It is clear that RTÉ has fallen short of the high standards that it sets for itself and are expected of it,” her statement said.

She also said that the board “acted expeditiously to establish the facts” once the issue came to light, and expressed confidence that safeguards had been put in place to ensure a similar issue would never happen again.

Shortly afterwards, Tubridy issued a statement of his own suggesting he was unaware of the revelations. Unapologetic, he sought to distance himself from the controversy and to lay blame on RTÉ instead.

“Like many people, I’m surprised by the announcements made in RTÉ’s statement today regarding the errors in the reporting of its accounts,” he said.

“It is unfortunate that these errors are in relation to how RTÉ have reported payments made to me but I just want to be clear: this is a matter for RTÉ and I have no involvement in RTÉ’s internal accounting treatment or RTÉ’s public declarations in connection with such payments.

“Obviously, I’m disappointed to be at the centre of this story but unfortunately, I can’t shed any light on why RTÉ treated these payments in the way that they did nor can I answer for their mistakes in this regard.”

In a second statement this afternoon, Tubridy did apologise and said he should have asked questions about his arrangements, though he still sought to blame RTÉ.

“While I have no responsibility for the corporate governance in RTE or how or what they publish in their accounts, when my earnings were published I should have asked questions at the time and sought answers as to the circumstances which resulted in incorrect figures being published,” he said.

“I didn’t and bear responsibility for my failure to do so. For this, I apologise unreservedly.”

He also addressed speculation that his announcement on 16 March that he was stepping down from the Late Late Show coincided that internal RTÉ auditors unearthed the discrepancy in the broadcaster’s accounts, saying the two are unrelated.

Tubriday’s agent NK Management – which represents a number of other top RTÉ stars – took the same tack in a statement of its own.

“These are matters for which RTÉ has sole responsibility and accountability,” the company said.

“There is no issue whatsoever in relation to the payments being properly and lawfully due and there is no suggestion of any wrongdoing on the part of Ryan Tubridy or NK Management.”

Nevertheless, Tubridy was pulled from his 9am show on RTÉ Radio 1 this morning and replaced by Oliver Callan. He will remain off the airwaves next week.

Who else is involved?

Figures in RTÉ would have signed off on the arrangement and made a decision to underwrite the €75,000 fee, and people are demanding answers from the top of the organisation.

In a significant development today, the broadcaster confirmed that its Director General Dee Forbes was suspended from her employment on Wednesday, a day before the controversy broke.

Forbes was due to step down from her position on 10 July to be replaced by new Director General Kevin Bakhurst, but in a statement on Friday morning the RTÉ board confirmed she had been suspended.

The reasons for her suspension were not disclosed by RTÉ, which also didn’t say how long her suspension will last. There is currently no indication that Forbes knew about or was responsible for the payments to Tubridy.

In a statement this evening, she said she had been “fully engaged with the board since the matter arose” and during the audit of accounts.

“Yesterday was an extremely difficult day for all of us who care so deeply about the organisation and the impact of these issues is a matter of profound regret,” she said.

rte-director-general-dee-forbes-following-the-funeral-of-journalist-and-broadcaster-keelin-shanley-at-st-pauls-church-glenageary-co-dublin Dee Forbes Alamy Stock Photo Alamy Stock Photo

In addition, the broadcaster has been proactive in attempting to find out if other presenters have similar arrangements in place.

It has carried out an internal review into the pay of other top 10 earners at the station, which RTÉ says has shown that “all remuneration figures” were correctly accounted for.

However, it has commissioned Grant Thornton to carry out an external audit of payments to those other top 10 earners as well so that the results of its own internal audit can be independently verified.

How have politicians reacted?

In the day since the story broke, there have been various Government statements and comments about the controversy.

Tánaiste Micheál Martin said today that the revelations represented a breach of trust, and he criticised the public broadcaster.

“There’s huge shock and surprise in terms of the manner of this. I think we need more clarification,” he said.

Minister for Arts and Media Catherine Martin has also been in touch with senior RTÉ officials, and is set to meet them in her Department tomorrow.

Catherine Martin said in a statement last night that she was “extremely concerned” at the details which had emerged. She confirmed that she had spoken to RTÉ board chair Siún Ní Raghallaigh about the matter.

“The public rightly expect much higher standards of transparency and accountability from Ireland’s public service broadcaster,” she said.

“It will be equally important for the board to demonstrate that it is putting in place appropriate structures and processes to prevent a recurrence of a matter of this nature.”

green-party-minister-catherine-martin-arrives-at-dublin-castle-for-a-cabinet-meeting Arts and Media Minister Catherine Martin Alamy Stock Photo Alamy Stock Photo

In contrast to Martin’s formal statement, other politicians were more gung ho in taking aim at RTÉ and demanding accountability.

“Today’s bombshell revelations involve a breach of trust from an organisation that has repeatedly put on the poor mouth about its dire financial situation when seeking an increase in the television licence fee,” Social Democrats TD Catherine Murphy said.

Fianna Fáil Senator and member of the Oireachtas Media Committee, Malcolm Byrne, also raised the issue of RTÉ’s requests for funding.

“This will not help RTÉ’s case for additional public funding. It does represent a test for the new Chair and Chief Executive of RTÉ to set out their values and vision in response to this scandal,” he said.

Sinn Féin TD Brian Stanley, who chairs the Dáil’s Public Accounts Committee, told The Journal that he has written to his fellow committee members saying he was requesting an immediate explanation from RTÉ.

He said RTÉ needs to explain “why this happened, who is responsible and explain what is being done to ensure this kind of thing doesn’t happen again”.

It’s expected that representatives of the broadcaster will appear before the Public Accounts Committee next week to answer questions about the issue.

But politicians aren’t the only ones asking questions.

Irish Secretary of the National Union of Journalists, Seamus Dooley, said there were questions around who signed off on the payments to Tubridy and whether the executive board had any role in doing so.

“I have never heard of a barter account, but I don’t like the smell of it,” he said.

Chair of the RTÉ Trade Union Group, Stuart Masterson, likewise described the controversy as “a significant breach of trust”.

“RTÉ have done immense damage to the relationship with staff,” he said. “This happened at a time when staff were engaged in cost-cutting negotiations with management.”

What does the scandal mean for RTÉ and Tubridy?

Although RTÉ’s initial statement was wide-ranging in its disclosures about the additional payments to Tubridy and the actions that have been taken since, this is only the start of the controversy.

The revelations and Tubridy’s subsequent attempts to lay the blame at the foot of his employer have created a slew of questions that fall into three broad categories: what Tubridy knew; how RTÉ explains itself; and the relationship between RTÉ and its staff.

Tubridy has painted himself into a corner with his statements and previous claims he’s made about his income.

He said in August 2020 that his salary had been reduced – a month after he received the first €75,000 payment under the arrangement. Why did he claim this when that evidently wasn’t the case?

He said today that “it is simply not true” that he didn’t take a pay cut and that his pay has been cut by 40% between 2012 and today. But does this include commercial arrangements like the one underwritten by RTÉ? 

More broadly, did Tubridy know that the figures RTÉ published each year from 2017 to 2022 weren’t accurate? And if he did, why did he allow them to remain that way?

He said in his second statement that he “should have asked questions” at the time, but not addressed why he didn’t do so. 

Is it credible that he wasn’t aware of the commercial arrangement until yesterday – especially if it involved ‘personal appearances’ by him? Did he not notice additional income in his bank account?

His second statement today confirmed that he was aware of the arrangement. So why did he claim to be “surprised” by RTÉ’s announcement after the story broke?

People will also be wondering whether Tubridy can survive the controversy and when he will return to the airwaves – he has confirmed that he will continue to be absent from his 9am radio show next week, having stepped back from his duties this morning.

The biggest questions, however, will be asked of RTÉ, particularly around who knew what and when.

Answers will likely come in the coming days and weeks, particularly if the Public Accounts Committee hauls RTÉ representatives before politicians next week.

But some of the broadcaster’s attempts to be transparent have already fallen short and begged further questions.

RTÉ has not yet said how or why Tubridy’s salary was under-reported from 2017 to 2019 and for the first three months of this year. Nor is it clear why it opted to guarantee the €75,000 payments from Renault, or why this arrangement was set up in the first place.

Meanwhile, there are issues around the barter account which was used to pay Tubridy under that commercial arrangement.

RTÉ’s former commercial director Willie O’Reilly, who is familiar with the use of barter accounts, told the broadcaster’s News at One programme that he “nearly fell over” when he learned about how the barter accounts had been used in this instance.

“When I saw the statement from RTÉ, it said that at some stage that there was very loose controls, and that now they had been brought in house,” he said.

This begs more questions: Why were they not overseen more rigidly until now, and are there any other issues with these accounts?

For the broadcaster, the additional payments to Tubridy came at a time when RTÉ committed to reducing the fees it would pay to its top presenters.

Another immediate question is whether any other presenters had their salaries understated or had deals in place that were similar to Tubridy’s.

If RTÉ’s internal audit is to be believed, then some of its other ‘top 10′ earners are not affected – but how many of its high earners have actually been audited?

The ‘top 10′ list changes year to year, and there are plenty of high earners in the company outside the 10 highest-paid presenters.

Most crucially, there are big existential questions for the broadcaster.

The episode has created a trust issue for RTÉ, both from the public and among its staff, who are said to be furious at the revelations.

It will be incredibly difficult to justify calls for additional funding, whether from central Government or through an increase in the licence fee, without provoking even more anger from the public.

Sinn Féin’s Brian Stanley said the revelation of the secret payments meant any increase in the licence fee would be “off the radar” – and it would be hard to find a political figure who disagrees with him.

But RTÉ has been crying out for more funding for years, telling politicians in 2021 that it faced an “existential” financial crisis, which has come in part due to a fall in advertising revenues and households moving away from TV consumption.

Now the broadcaster is enveloped in an entirely different crisis, this time of its own making. There is a long road ahead, and many questions to answer, before it can navigate its way out of these latest problems.

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    Mute Louise Tracey
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    Apr 19th 2019, 6:25 AM

    I remember reading the T&C on my mortgage and got a shock when it said the bank could call in the loan at any time. This was over 10 years ago.

    I don’t think it is fair to those of us that are paying mortgage every month that people don’t pay their mortgage but get to stay in the house. I don’t go to work every day so there is a free house for everyone

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    Mute Dan public
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    Apr 19th 2019, 6:38 AM

    @Louise Tracey: very true but who is getting free houses, where are they, go down to portlaoise today to the registrars court and see this free house brigade, over 70 of them up for eviction, so the vultures get the house and sell it and that family then go into a hotel at a cost of €1200 pw which comes from your taxes and the vultures that bought the loan for a fraction sell the property at a high profit and make off tax free thanks to FG policy, but never mind the fact you are now paying for the family in emergency accommodation make sure to beat the drum about that lot getting free houses

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    Mute Adrian
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    Apr 19th 2019, 7:32 AM

    @Louise Tracey: the fact is gov policy is letting companies buy houses and vulture funds buy mortgages, and this lousy gov are delighted that people are arguing among themselves instead of with the gov over the housing crisis because its shifting the blame away from the gov. Gov could easily improve the situation for many by doing same as new zealand, where only residents can buy property, but they won’t, letting thousands go homeless.

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    Mute Adrian
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    Apr 19th 2019, 7:42 AM

    @Louise Tracey: this is pure bs by leo too. First he’s trying to position himself on the same side as everybody else, as a potential victim like the rest of us, didn’t understand the problem etc. Then he’s saying that if they pass the new law, interest rates will rise, but he’s conveniently ignoring the fact the rates rise when the mortgage is passed onto the vultures anyway. Trying to tell us they have no options to do anything, but they have.

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    Mute Sarah
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    Apr 19th 2019, 10:06 AM

    @Louise Tracey: the terms and conditions of any loan mandate that it can be cold in at any time which is honestly ridiculous because if you had that kind of money you wouldn’t need the loan in the first place unfortunately it just means should a bank ever decide to do that your collateral whatever that may be is forefit

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    Mute Vic's Burd
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    Apr 19th 2019, 10:44 AM

    @Sarah: it’s business. Every loan can be called in at any time, regardless if you have the means to pay it or not.

    Even if this bill passes it can be delayed going into law; plus it might only benefit new mortgage accounts not existing agreements or vulture sales and possibly won’t save anyone currently going through court proceedings.

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    Mute Paul Gurney
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    Apr 19th 2019, 10:58 AM

    @Dan public:Well said Dan…people can’t see past their prejudicial noses .

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    Mute Earth Traveller
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    Apr 19th 2019, 11:34 AM

    @Louise Tracey: Strangely, there is a company in Dublin called the Irish Mortgage Holders Organisation (sic). Although a mortgage on a property is held by the lender, this is an organisation that represents borrowers, not lenders. Some people may be confused about how mortgages work but it is very disconcerting to discover that the head of government is one of those. I despair.

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    Mute Shane Murphy
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    Apr 19th 2019, 11:45 AM

    @Adrian: he’s the biggest self serving rat going. Claimed he’d reward the early risers too! Lol! Vote them out, it’s the only language they understand…

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    Mute Emmet Noonan
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    Apr 19th 2019, 11:53 AM

    @Louise Tracey: Look at the bigger issues , it is not the people, it is the banks and the government who are allowing this to happen to people they are corrupt and merciless.

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    Mute Shane Murphy
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    Apr 19th 2019, 11:58 AM

    @Emmet Noonan: I don’t elect the banks to look after my interests, I elect politicians , who are meant to serve the people. The banks are a business. This fcuking dIsgrace is all on the government, not the banks !

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    Mute Bryan Kelly
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    Apr 19th 2019, 2:02 PM

    @Louise Tracey: You ever lose your job or have financial difficulties and can’t keep up those payments I’ll be sure to have the same compassion you’re showing and laugh as a vulture fund who picked up your mortgage for pennies kicks you out of the house you’ve been in for years and paid thousands for.

    Shocking how amoral and evil some of you are, able to understand how multi-billion banks can get into financial straits through gambling and losing but regular people must just be lazy and not want to pay for things. I will do a little jig and blame your laziness if the day ever comes coz you’ve earned it with your bootlicking nonsense.

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    Mute Louise Tracey
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    Apr 19th 2019, 6:30 PM

    @Bryan Kelly: I don’t have any problem with people getting help but not indefinitely. Years and years can’t go by with getting handouts, you have to work towards bettering your situation and not expect everyone else to pay your way.

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    Mute Bryan Kelly
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    Apr 20th 2019, 12:37 AM

    @Louise Tracey: Still just making up stories. Who are these fictional people? Got stats? Coz vulture funds are kicking people out for missing one or two payments. Coz vulture funds don’t want the mortgages paid off, they want to kick them out first opportunity they get and sell the property.

    They’re not gonna give you a better interest rate for licking their boots this much Louise. You’re a traitor allying yourself with one of the biggest enemies to REAL hardworking people right now. Disgusting.

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    Mute Jim Clarke
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    Apr 27th 2019, 12:51 AM

    @Bryan Kelly: Really? Vuture funds “are kicking people out for missing one or two payments”? As you yourself might say, “got stats”? I’d be very interested to hear how many people have been kicked out for missing one or two payments. Ireland has (by far) the lowest eviction rates in Europe. Generally you have to miss not one or two payments but several YEARS of payments, and even then you only have a tiny chance of being evicted. There are at least 30,000 of people in arrears in this country. Each year just a few hundred of them are evicted. And none of them have just missed one payment.

    Got stats? Let’s hear them.

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    Mute Dan public
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    Apr 19th 2019, 6:33 AM

    Protect the banks at all costs and allow the tex free vultures run riot, when your mortgage is sold to a vulture it uid then sent to a so called regulated entity to manage. Next thing as I have first hand experience with you receive a letter to say hi, your interest of 3.5 % is now 6%, here is the name and and address of the FSO and good luck with that we own your mortgage now. But they are right in one thing you have exactky the same rights whrn your mortgage is sold to a vulture, you have the right to FA

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    Mute sean o'dhubhghaill
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    Apr 19th 2019, 9:56 AM

    @Dan public: In the ’70s my parents had interest rates of 19% and above. Before the ‘boom’, during which most people partied without thought, I had interest rates of 6% and more. Expecting interest rates of 3.5% and expecting them to stay at 3.5% is an example of financial innocence. Company law says that publicly listed companies MUST do act to maximise profits for their shareholders.

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    Mute iBob101
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    Apr 19th 2019, 10:40 AM

    @Dan public: You are right. If you are on a variable rate mortgage the bank can change the interest rate any time it likes. So your 3% mortgage can become a 5% mortgage overnight just because AIB or whoever says so. But because the main banks are in this business for the long term they won’t do that to you. A vulture fund might. So as you say, you have exactly the same rights with a vulture fund, which is none. You depend on your lender acting reasonably which is why you don’t want a vulture fund.

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    Mute Hardly Normal
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    Apr 19th 2019, 10:54 AM

    @sean o’dhubhghaill: house costs back then we’re only two or three times your wage. I doubt we’ll ever see a return to those kind of interest rates. Out of curiosity, why wouldn’t you have went with a fixed rate when you bought? I’m trying to save for a mortgage at the moment and I think a fixed rate looks more appealing.

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    Mute pete
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    Apr 19th 2019, 7:34 AM

    Its an absolute joke on this Irish people. This government along with the banks wrecked the economy. This banking debacle the IMF and the EU. Now they are selling on under performing mortgages… The vulture funds have an non-disclosure agreement. We don’t even now who the investors are behind the fund. To top it all of they are tax free… I think we would be surprised if we found the list of investors more than likely current members if the government are involved and making money from this sell out!

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    Mute Dave Doyle
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    Apr 19th 2019, 10:02 AM

    @pete: A lot of these Vulture funds leeching in Ireland can be traced back to Goldman Sachs.
    Housing is deliberately being priced out of the reach of ordinary people. Newly built houses being bought off the plans in blocks, for cash, by “investment companies”, Vultures.
    What Leo isn’t telling us is that this the whole housing debacle is FG policy. The end game is Mortgage to Rent. Ordinary people are not to buy a home, but rent one. That way the asset stays in the hands of the Vultures, a huge return on the investment guaranteed. What happens when your working life is over and your pension won’t cover the Mortage to Rent has yet to be revealed.
    FFG only care about the interests of banks and investment companies. Ordinary people do not matter, are of no interest for FFG.

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    Mute Niall
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    Apr 19th 2019, 10:33 AM

    @pete: was it not FF? You might say they’re the same but they’re now sitting on the other side of the house – FFG is just a term invented on social media

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    Mute Shane Murphy
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    Apr 19th 2019, 11:51 AM

    @Niall: nah. Wouldn’t have needed to be created by the media. Two showers of w*nkers that have been in power here for nearly a hundred years and sent many Irish people down the swanny. The only thing that separates them is name …

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    Mute Michael Heery
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    May 11th 2019, 2:26 AM

    @Dave Doyle: ecactly.

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    Mute Marian Frawley
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    Apr 19th 2019, 6:36 AM

    What is a free house Louise?

    Every time there’s an article re: houses mortgages etc there’s always a comment about a free house!

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    Mute Garry Brady
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    Apr 19th 2019, 7:15 AM

    @Marian Frawley: is not a “free house” a non brewery owned pub in the UK?

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    Mute Marian Frawley
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    Apr 19th 2019, 7:36 AM

    @Garry Brady: Aye it is lol or could it be…

    “Parents away for the weekend”.. free house.. Party!!

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    Mute Kevin O Mahoney
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    Apr 19th 2019, 8:20 AM

    @Marian Frawley: It is when your old pair go away for the weekend and you can have the lads over for a house party .

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    Mute Marian Frawley
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    Apr 19th 2019, 9:29 AM

    @Roy Dowling: Mr know it all really knows nowt! Check your facts..
    There’s no such thing as free houses, social housing is given on means basis, income assessed etc
    May you get down from the ivory tower…

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    Mute Marian Frawley
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    Apr 19th 2019, 10:27 AM

    @Roy Dowling: No Hap Roy.. It is based on your income & deposit is required, granted not as much if you willing go & get a mortgage for a house. Try not to blame ppl on swelfare because you can’t afford your mortgage!
    Council houses are unfurnished, no repairs are carried out by most councils, not all sing from the same hymn sheet, depends where you live. Nothing comes free.

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    Mute ed w
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    Apr 19th 2019, 11:01 AM

    @Marian Frawley: absolute bs council’s have to do repairs like any landlord. only one person in this conversation in an ivory tower

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    Mute Roy Dowling
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    Apr 19th 2019, 11:13 AM

    @Marian Frawley: Who says I can’t afford a mortgage?, And since when is a house bought by a mortgage furnished? Clearly you have no idea what your talking about.
    Plenty comes for free when your only income is social welfare and you get a council house. in fact everything is free for them as they don’t do anything for what they get.

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    Mute Jointheclubtoo
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    Apr 19th 2019, 11:46 AM

    @Roy Dowling: FG types always know these people who never worked a day in their lives and get free houses you people must keep really bad company or do you need proven loyalty to the blue party of the Vultures, Bankers and Corporations to receive these benefits.
    Seriously, stop repeating this lazy lie, its way past its use by date.

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    Mute Shane Murphy
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    Apr 19th 2019, 11:48 AM

    @Marian Frawley: of course there is. When you are given free money. It’s free. There are some gap payments I believe of up to e2500 in Dublin, you think that acceptable , your neighbor scratching his ass all day, while you work to provide for yourself and your neighbors Ilk. Of course the spineless government makes the rules, they are the ones to blame!

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    Mute Shane Murphy
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    Apr 19th 2019, 11:50 AM

    @Roy Dowling: Roy , their argument is these people might have to make some pittance payment. Which they do … with the free money they get ! The struggle is real !!!

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    Mute Marian Frawley
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    Apr 19th 2019, 12:15 PM

    @ed w: That’s true Ed, the only thing the council do is cheap rents. No ivory tower here

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    Mute Roy Dowling
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    Apr 19th 2019, 12:17 PM

    @Jointheclubtoo: mad how you assume I am a FG type because you don’t agree with me. Just so you I don’t support FG, FF, SF, or any party. None of them are worth supporting in my opinion there all the same.

    And please tell me what lie am I’m telling?. Take Margret Cash for example. When has she ever worked or done anything to help herself?
    Answer never, she demands the state give her everything cause she “entitled” to it.
    Maybe my opinion would change when housing charity’s stop using her and others like her as there sad cases.

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    Mute Marian Frawley
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    Apr 19th 2019, 12:18 PM

    @Roy Dowling: Now that’s bs. Not everyone on swelfare get things free. As I said before Check your Facts!! You just assume all are scroungers.

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    Mute Denis McClean
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    Apr 19th 2019, 12:25 PM

    @Shane Murphy: Using that logic, TD’s are on free money since they don’t show up for work and only scratch their assets if the whip demands their presence.

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    Mute Roy Dowling
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    Apr 19th 2019, 12:50 PM

    @Marian Frawley: Where did I say everyone? I think you’ll find I didn’t. again your just assuming.

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    Mute Jointheclubtoo
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    Apr 19th 2019, 12:56 PM

    @Roy Dowling: If that’s the case why don’t you compare the relative pittance Margaret Cash got to what the top welfare spongers ie. the banks, ‘financial consultants’ developers, and bankruptcy tourists take.

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    Mute Marian Frawley
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    Apr 19th 2019, 1:08 PM

    @Roy Dowling: For the love of all things holy, you said everyone on social welfare…

    I think you’ll find your comment was deleted, either by yourself or who knows? Above it looks like I’m talking to the wall… Obviously

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    Mute Roy Dowling
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    Apr 19th 2019, 1:20 PM

    @Marian Frawley: Actually I said those who have never worked a day in there life and never worked a day in there life. does that mean everyone on social welfare? Again your just assuming things

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    Mute Marian Frawley
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    Apr 19th 2019, 1:43 PM

    @Roy Dowling: **Their for there
    Actually in your own words
    “Plenty comes for free when your only income is social welfare and you get a council house. In fact everything is free for them” etc
    There you go making presumptions about “them”.. Who’s them you refer too?
    Them that everything free…oh please

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    Mute Stephen Coughlan
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    Apr 19th 2019, 1:57 PM

    @Marian Frawley: cop on lad we all know who he’s talking about. There’s families of nothings out there generations of scrounges who have got everything for free and never worked a day in their life.

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    Mute Roy Dowling
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    Apr 19th 2019, 3:39 PM

    @Marian Frawley: for them, means those who’s been on welfare there whole life without contributing at thing as I stated above.
    Good to know you’ve resorted to correcting spelling shows you’ve run out of ideas.

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    Mute Doubtchya Boy!
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    Apr 19th 2019, 7:37 AM

    People seem to miss the point that, when a vulture fund and the likes buy up property(which is usually in bulk) they then get to dictate the rental price on the market. They, and the banks are soley responsible as to why the property rental market is extortionately (and artificially) high. This is why funds from all over the world are coming to the Irish market. Its highly profitable, yeilds a high return, and the Government and the central bank will do nothing about it.

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    Mute Shane Murphy
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    Apr 19th 2019, 11:54 AM

    @Doubtchya Boy!: eh no. You’re surprised a business wants to maximize profit ? This scandal is of the governments making and on its behind closed doors wishlist. Varadkar will be having wet dreams about selling his country men as life long financial wh*res, not just to him , but now his mates in Kennedy Wilson etc. paying no tax , while the little man pays a fifty percent marginal rate! Quite spectacular!

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    Mute Shaun Gallagher
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    Apr 19th 2019, 7:38 AM

    In fairness Leo doesnt know a lot

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    Mute Willy
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    Apr 19th 2019, 6:46 AM

    Ask yourself the question Leo the Liar. Why are banks selling loans to Vulture funds? Even why are Vulture funds buying up vast amounts of loans and now swaths of property before even built? Let me answer Leo the Liar… Greed and profit. They do not offer the same protection as banks. They will not wait 35 years for their monies. Tell the truth for once Leo. The shit will hit the fan very hard very soon when all monies are called and the true extent of the great FFG sell of is seen..

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    Mute Bill Clay
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    Apr 19th 2019, 7:27 AM

    @Willy: yep and we’ll reward them by re-electing them. So can you blame them for doing what they like

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    Mute Gus Sheridan
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    Apr 19th 2019, 8:21 AM

    @Bill Clay: Varadcar and the financial expert Simon Harris must go.I know we have been scraping the bottom of the political barrel for years now as our best brains emigrated for a better future but come on, surely we can do better than these two conmen?

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    Mute Bill Clay
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    Apr 19th 2019, 8:35 AM

    @Gus Sheridan: I never voted FFG, not one preference ever. Nor SF, but I think that’s all there is at the moment, I’m willing to give them a try.
    One thing is certain though, FFG must go

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    Mute Tim Oleary
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    Apr 19th 2019, 11:16 AM

    @Willy: please comment in moderate temperate language you’d be understood much better.

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    Mute ThatLJD
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    Apr 19th 2019, 7:38 AM

    Taoiseach says he didn’t realise how quickly his mortgage would be paid off, even if he losses his job at the next election. That’s the reality of the situation, this man probably doesn’t even worry about it. Like James Blunt he has no mortgage either!

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    Mute George Vladisavljevic
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    Apr 19th 2019, 8:19 AM

    “Higher mortgage rates?” We are already paying amongst the highest interest rates in Europe.

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    Mute The Great Unwashed
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    Apr 19th 2019, 10:52 AM

    @George Vladisavljevic:
    We also have among the highest default rates and lowest eviction rates in Europe – if these were more in line with Europe our mortgage rates would also be more in line.

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    Mute Emmet Doyle
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    Apr 19th 2019, 2:47 PM

    @The Great Unwashed: We had an unusually large home ownership rate, and one of the highest loan to income mortgage rates… therefore when it went bang it was worse here. The problem is its these same banks who lent the money to us are now charging us more to fix their balance sheets. Those who cant pay extortionate rates are removed. This repossession wasn’t viable until equity returned to values.
    In short you are misguided in thinking its lack of repossession is causing high rates its repairing a bad balance sheet. So in essence we are rewarding the worst bankers in the word.

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    Mute The Great Unwashed
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    Apr 19th 2019, 7:45 PM

    @Emmet Doyle:
    The case could certainly be made that banks were lending too much money to people who shouldn’t have got it, but that doesn’t change the fact that it’s high levels of default (compounded by low rates of eviction) that have given rise to the bad balance sheets that have in turn led to higher interest rates.

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    Mute Tony O'Regan
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    Apr 19th 2019, 7:17 AM

    “I know it wouldn’t make a difference because first of all I am meeting my repayments” – is that literally an “I’m alright Jack” statement? Woah, the indifference is staggering. Fairplay to Doherty for calling out their doomsday predictions as being BS as well, also don’t think anyone really believes the FG line that Central Bank arw independent anymore… if they say they do they’re fools or liars.

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    Mute Bingobango
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    Apr 19th 2019, 7:26 AM

    @Tony O’Regan: Yeah that line irked me too. No bother paying his mortgage when you earn a few G’s a week. Gob-shite of a man.

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    Mute Eric Davies
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    Apr 19th 2019, 11:29 AM

    @Tony O’Regan: meeting his payments and no doubt ‘claiming’ them back on his expenses !! funny how none of the fg trolls on here ever call out tds for getting ‘fre houses” after all are they not using public/tax payers money to fund their mortgage or 2nd mortgage ?

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    Mute James Moore
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    Apr 19th 2019, 7:25 AM

    Jeses i would love to get one of these free houses, but i think someone on the journal is telling porky pies, they are non existent unless you are a vulture fund they buy the house off your bank for 70% discount then they charge the mortgage holder 130% that is = to a free house tax free. Daylight robbery condoned by the banks & fg.

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    Mute Thomas Newell
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    Apr 19th 2019, 9:04 AM

    first of all im making my repayments…….thats great leo, you should remind a few of your ministers and friends who own big media companies, that repaying debts they owe is always a good thing, rather than getting write offs or ignoring them.

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    Mute Brian Conway
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    Apr 19th 2019, 7:30 AM

    The s varuka varadkar is the flaw. The bankers water boy. Has enda Kenny got a new job with a vulture? Corrupt vermin

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    Mute thesaltyurchin
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    Apr 19th 2019, 8:42 AM

    600,000? Is that all? leaves a lot of ‘asset rich’ folks out there. Explains a little bit why we have the government that we do and for so long too. This country is like a Ponzi scheme.

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    Mute Diogenes
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    Apr 19th 2019, 7:43 AM

    Dya hear that lads Leo’s one of us, b*llsh!t.

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    Mute Liam Allen
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    Apr 19th 2019, 9:59 AM

    And he’s our leader!

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    Mute DL_8_5
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    Apr 19th 2019, 7:49 AM

    “First of all I am making my re-payments” what a smug pr*ck

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    Mute Emmet Doyle
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    Apr 19th 2019, 2:50 PM

    So they had a vote and it was 80 for the legislation and 45 against .. why now are they debating it? If it was voted for enact it that’s what they are elected to do!!

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    Mute Earth Traveller
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    Apr 19th 2019, 5:34 PM

    So the Taoiseach didn’t read the small print when he was making probably what will be the biggest purchase in his life? Well, lucky for us, it wasn’t something costing millions and millions, like a hospit…. oh wait!

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    Mute Dnom
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    Apr 19th 2019, 8:37 AM

    Unfortunately everytime he opens his mouth stupid comes out

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    Mute Rob Cahill
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    Apr 19th 2019, 9:40 AM

    @Dnom: Seems to be the trend everywhere lately.

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    Mute Karllye kripton
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    Apr 20th 2019, 8:54 AM

    What’s actually a joke is people are allowing all this to happen with their heads burned in the sand

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    Mute Martin Brennan
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    Apr 19th 2019, 7:59 PM

    I’d say it’s Along time since Varadker made a mortgage payment- FG never have given a continental kahuuts about anyone except the wealth hoarders ie big farmers and the likes

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    Mute Kate Mchugh
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    Apr 20th 2019, 12:31 AM

    It makes you wonder why someone other bank would buy a bad debt. Could someone explain to me if someone has come into difficulty paying one bank, how would suddenly pay another and why another bank would take that on.

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    Mute Patrick Clifford
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    Apr 19th 2019, 1:45 PM
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    Mute Steven C. Schulz
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    Apr 19th 2019, 2:54 PM

    A contract is a contract.

    If the loan is repaid on contract terms, who owns it doesn’t matter.

    If the loan defaults, who owns it doesn’t matter.

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    Mute Patrick Clifford
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    Apr 19th 2019, 7:33 PM
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    Mute Donal Carey
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    Apr 20th 2019, 6:44 AM

    The biggest problem Fine Gael have is the fact that Sinn Fein high lighted this 12 months ago and were totally ignored by these clowns who have torn this Country to shreds and have no idea how to fix any problem.

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    Mute Sean O'Reilly
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    Apr 19th 2019, 11:21 PM

    Can somebody please get this nation back on Irish soil please ( this is unreal as I misspelled and twitter police is controlling this ). Let’s be very clear on this, if we fall behind on mortgage repayments we incur penalties, by the banks, if we have the luxury to pay off a lump sum of the mortgage, we incur penalties, by the banks……
    Please advise me where there is any leeway on this madness, then our ‘government’ sells off those that are communicating but simply cannot meet banks bailiffs etc
    We are a model nation, a country to be utterly proud of a government we voted for. Europe Abú!!!

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    Mute Patrick Clifford
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    Apr 20th 2019, 4:08 AM

    @Sean O’Reilly: Europe Abú!!! ??? What is the percentage of ethnic Irish in your homeland now?

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    Mute Bernie
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    Jul 18th 2023, 8:59 AM

    Wish to ask a question
    If the vurturefund claim to be a mortgage provider yet they are not a bank so there for they can’t just decide on an interest rate at three times the interest rate was off your bank and also why if this is the case why are these people trapped in with these vurlerfunds and are unable to sell there home to pay off there loan why be trapped with a company that is just fraud and are not law and how can they break into your house and take your belonging and then put your home up for auction take photos off you and others in your property with a drone and put it all over the media and then still expect you to except this without court proceeding involved off any kind do this all behind your backs because that’s what has happened to me and I have a mica home

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