Number receiving mortgage interest supplement jumps by more than a quarter in last two years

Number receiving mortgage interest supplement jumps by more than a quarter in last two years

The number of people receiving the mortgage interest supplement continues to rise

The number of those struggling with their mortgages who are receiving state aid has jumped by more than a quarter in the last two years, new figures have revealed.

The mortgage interest supplement is paid to those who are unable to repay the interest owed on their homes. They average annual pay out is calculated as being just over €3,500 according to the Irish Independent.

Latest figures have revealed that €67.8 million was paid out under the scheme to 18,988 mortgage holders in 2010 – up from 14,716 in 2009 when €60.9 million was paid out.

People can apply for the supplement if they meet six sets of criteria.

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