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November 2015
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Michael Lowry Demands New Deal For Borrowers

repossessSpeaking on local radio stations across Co. Tipperary yesterday, Independent TD Deputy Michael Lowry accused financial institutions of being greedy, aggressive and often arrogant in their treatment of ordinary house-holders and their families.

Following a review undertaken by the Deputy; he is now aware that appearing before the Court in Nenagh in recent weeks, financial institutions sought some 86 applications for home repossessions, with similar figures being repeated in the town of Clonmel.

Deputy Lowry stated, “The majority of these applications are causing intense anxiety, distress and disruption to Tipperary individuals and their families, who remain, firmly, the victims of a banking industry which has been permitted to run out of control.”

Deputy Lowry continued, “At present, borrowers are being held to account for the behaviour of these financial institutions who are permitted to sail completely free of having to take any share of the responsibility for the chaos and heart-break. This present crisis has been caused primarily by these same financial institutions, which had to hand all the advantages of ‘top-notch’ advice and have spent the last year before the Banking Inquiry, unable to recall their past actions and refusing profusely to take any responsibility for their totally dissolute actions.”

“I firmly believe that borrowers, particularly distressed home-owners, should get some respite. Why should thousands of individuals and whole families be put on local authority housing lists, simply because bankers became fixated; wildly encouraging people to borrow 100% loans, most often knowingly aware of peoples inability to repay?”

“I now demand a new deal for distressed home-owners, under which our Banks and Vulture Funds, which purchased many of their Loan Books, would immediately be forced to enter into the following arrangements with borrowers. In other words, where a borrower is committed to an agreed affordable repayment situation (initially for a trial period of say 2 years), same should be permitted to keep their homes, on the condition that they abide by same pre-agreed affordable repayment. Legislation to compel these arrangements should be a priority for any incoming Government,” concluded the Independent Tipperary Deputy.

Scam Warning – Community Alert

garda crestNumerous Thurles individuals have received ‘Scam’ telephone calls today, appearing to emanate from a telephone number – (01) 254 8323).

A recorded voice message was received by these individuals when they answered. This (01) 254 8323 number tried to convince call recipients that they were ringing on behalf of the Revenue Commissioners and requested that they should ring them back. If you receive one of these call – DO NOT phone back.

This recorded message also threatens to take legal proceedings against you should you, the recipient, fail to respond by not phoning them back.

This is the very same ‘Voice Phishing’ or ‘Vishing’ scam we warned you about on September 25th last.

Remember this scam is made possible because of telephone “clear down time”, where if the person making the call doesn’t hang up, the line remains active for up to 60 seconds. In other words when you, the customer, hang up your phone and assume that you are ringing the Revenue Commissioners, your Bank or your local Garda Station, the real person you are speaking to will be either an accomplice or the original scam artist / criminal themselves, who will then requests private data. You believing that you are speaking to your Bank (for example) will possibly pass on information, e.g. account accessing information.

Please everyone, do keep in mind that no truly genuine person or business representative, from any financial business organisation or the Public Service will ever call and seek personal, private details or any other data, either over the phone or by email contact.

Do warn elderly parents and friends about this scam, as already many people have lost thousands of Euros after being asked to provide privileged data.

Grant Thornton Budget 2016 Breakfast Seminar

grant thornton

Business Persons Take Note: Once again this year Grant Thornton is linking up with Newstalk [106-108fm] to provide live radio commentary and assessment; as Minister for Finance Mr Michael Noonan speaks from Dáil Éireann, delivering the government’s fifth and possible final budget on October 13th 2015.

With the economy continuing to perform strongly, we can expect to see some significant tax cuts and some innovative tax measures to help sustain this recovery. The exact nature of the tax cuts continue to remain uncertain and in particular whether they will be confined to lower and middle income earners.

Grant Thornton Ireland (A member firm of Grant Thornton International Ltd [Grant Thornton International] ), now invite you to join them at a ‘Breakfast Seminar’ in the Horse & Jockey Hotel, Horse & Jockey, Thurles, Co. Tipperary on Thursday, 15th October, when Leslie Barrett (Tax Partner) and Theresa O’Gorman (Tax Director) will address the effects that this budget will have on you and your business.

NOTE: This event will begin with registration and breakfast sharp at 8:00am; with the seminar beginning at 8.15am, and finishing at 9.15am.

Should you wish to attend, do please R.S.V.P. by Monday October 12th 2015 at the latest, to diane.cronin@ie.gt.com or call on +353 (0)61 312 744.

Thurles Credit Union Members Cash Draw Results

Credit-UnionThurles Credit Union held their monthly ‘Members Cash Draw‘ on Saturday 3rd of October 2015 at Credit Union House, Parnell Street, Thurles, Co. Tipperary.

The monthly computer generated 1st prize winner of €10,000, went Mr Martin Muldowney, Lismoline, Thurles, Co. Tipperary.

Three runners-up prizes of €1000 each were also drawn by three other lucky winners who are named hereunder as follows:-

(1) Mr Patrick Kiely, Bohernamona, Thurles, Co. Tipperary.

(2) M/s Brid Dwyer, Littleton, Thurles, Co. Tipperary.

(3) Mr Jim Shelly & M/s Josephine Dunne, Monadreen, Thurles, Co. Tipperary.

Massive congratulations to all of the above named October 2015 Thurles Credit Union cash draw winning members.

Tipperary – Rural Ireland In Crisis

TipperaryMapTipperary Independent TD Deputy Michael Lowry has this week criticised the long delayed Government initiative on a stimulus package to regenerate Rural Ireland.

“Labour Minister Ann Phelan has been Minister with specific responsibility for Rural Development for almost 5 years. We hardly knew she existed, but hey presto a couple of months before an election she comes out of her slumber with a whopper of an empty promise”, stated the Deputy.

“Since this Government was elected, all we have heard is aspirational statements and hot air. This most recent announcement is a paltry €30m pre-election gimmick.

Minister Ann Phelan has the audacity to allocate €4m of this same fund to her own constituency of Carlow/Kilkenny; leaving just €26m for the rest of the country. The kind of schemes covered under the new proposal, such as renovation of old buildings and improving local amenities are already covered under the terms of Leader Group and National Lottery Funding. The real issue faced our rural communities is that funding available to Leader in Tipperary has been cut by €15 m. It’s ironic that the person who presided over that €15m cut is one and same Minister Allen Kelly,” Mr Lowry continued.

“The root cause of the crisis in rural Ireland is the lack of job opportunity for young people. Thousands of our young people have had to emigrate, forced to leave home, leave their families, friends and community. Parents are denied the privilege of being close to their loved ones, denied the gift of seeing them mature into adulthood. There are many issues as a consequence of this emigration. Fewer houses being built, no work for builders and tradesmen, fewer children being born, schools losing numbers; putting teachers jobs at risk, with small rural schools facing closure. We then have small shops, post offices and Garda Stations being shut down. We also face the prospect, due to a shortage of priests; of parish clustering with major implications for our rural churches and hence reduced social contact”, stated Mr Lowry.

“Emigration has had a massive impact on local communities and in particular sports clubs. Many GAA soccer and Rugby teams have been decimated by the flight of its younger members. The government and the national agencies have done nothing to correct the imbalance between city and rural regeneration. Access to a proper broadband service and information technology is a huge disadvantage. It is impossible for country towns to attract industry as it has little prospect of competing against the city locations that have the entire necessary infrastructure already in place. The IDA should immediately construct advance factories in places like Tipperary. It is inevitable that when a Company decides to set up business it will make a decision on the location based on a ready to go turnkey facility”, continued Mr Lowry.

Deputy Lowry also stated, “We now have a two speed economy – one for Dublin and one for the rest, operating in a fast and slow lane. The closure of Garda Stations has left older people in particular, feeling vulnerable at a time when city crime gangs are roaming rural communities causing fear and anxiety. This feeling of isolation is made worse by no local transport, which makes it impossible for people to socialise”.

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