Daft Property - Irish Property News

Over 33% of claims to relief scheme not paid... MORE THAN one-third of people who applied to the Government for emergency welfare support to help pay their mortgage last year did not receive a payment in 2009. Figures released by the Health Service Executive (HSE) show 13,469 of the 18,443 people who applied for mortgage interest supplement payments in 2009 were granted relief. The remaining 4,974 people were either refused support, withdrew their application or are still awaiting a response from community welfare officers. The scheme operates to provide support to people unable to meet their mortgage repayments due to a change in circumstances, such as loss of a job. Under the scheme, households receive an average of about €365 every month to help them cover part of their repayments. There has been a sharp rise in the number of people receiving mortgage interest supplements since the recession took hold. At the end of December 2009, the number of people availing of the scheme was 15,1...

Budget 2010: Brian's bitter pill... FINANCE Minister Brian Lenihan yesterday chose to avoid new income taxes by instead slashing social welfare payments and public sector pay. But he insisted "the worst is over" after delivering his third Budget in 14 months. However, there is plenty more pain to come as Mr Lenihan last night revealed plans to achieve €2bn more in cutbacks in 2011 through water charges, a property tax and public sector reforms. The Government is also planning a radical overhaul of the PRSI, income and health levy system, which will also widen the tax base. Mr Lenihan cut €4bn from spending in Budget 2010 and introduced carbon taxes and stealth charges in the health sector. But his Budget was branded as lacking fairness as it hit those on low incomes in the public sector and those dependent on social welfare. The salaries of Taoiseach Brian Cowen and his ministers were reduced by 20pc and 15pc respectively -- but this included the previous 10pc voluntary c...