Monday 20 November 2017

Home buyers in debt

CLOSE to 40pc of all affordable and shared ownership home loans are in arrears across the country.

Almost 9,000 households are behind on payments for these loans, as almost four out of ten loans received through local authorities to purchase houses are now in arrears for more than 90 days.

Former Housing Minister Willie Penrose earlier stated that "there is no evidence to suggest wider economic circumstances are creating problems specifically for local authority borrowers."

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