herald

Thursday 16 August 2018

Mortgage customers need clarity

WE hear today that some banks are doing secret deals to release certain customers from crippling mortgage debt.

The deals are not being advertised but instead are being offered on a strictly limited basis to those who know enough to ask.

Debt forgiveness is top of the agenda for thousands of homeowners countrywide. It is polarising the opinions of voters.

The Government keeps dodging the issue without any straight answers one way or the other.

Some severely cash-strapped families have already stopped making mortgage repayments on the chance that some aspect of their debt is going to be written off.

Finance Minister Michael Noonan is telling the Dail's finance committee that we will have to wait three weeks for formal solutions to the mortgage debt crisis.

Meanwhile, people are living in fear of losing their homes. We need clarity now.

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