Government vow to tackle mortgage arrears before next election

Government vow to tackle mortgage arrears before next election

The Government is vowing to tackle the mortgage arrears crisis ahead of the next general election.

Just over 110,000 private residential mortgage accounts were in arrears at the end of last year – 14.5% of all accounts.

The Irish Times reports that the Government is working to expand the mortgage-to-rent scheme, so that people with difficulties repaying their mortgage can switch to renting their home as social tenants.

There is 1 comment for this article
  1. Pingback: Government vow to tackle mortgage arrears before next election | Rosalie Rodney

Leave a Reply