Thrifty News Digest May 23, 2013

• Highest auction price of year as home in need of repair fetches €2.9m
  A house in need of updating has been sold for €2.9m – or €400,000 over its guide price.
• US-type house auction scheme could free our 'pillar banks' from loans in less than year
  How quickly could Ireland’s ‘pillar banks’ be free of troubled home loans? If the experience of the US is a guide, the answer could be less than three years.
• Now AIB ready to let movers keep their trackers
  A THIRD financial institution is considering offering new mortgage deals to existing homeowners who wish to move home while keeping their tracker mortgages.
• House prices still falling – but rise expected in 2015
  HOUSE prices will fall this year, but increase modestly by the end of 2015, a new report from the Central Bank predicts.
• Noonan: making AIB pass on rate cuts would 'penalise' taxpayers
  FINANCE Minister Michael Noonan has insisted that he will not ask AIB to pass on interest rate cuts to 70,000 mortgage customers because it would “penalise” taxpayers in general.

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