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Plans To Tackle Mortgage Arrea...

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Plans To Tackle Mortgage Arrears Crisis Imminent

98FM
98FM

12:48 3 May 2015


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The Junior Finance Minister says the Government will announce new plans to tackle the mortgage arrears crisis within the next two weeks.

Simon Harris claims the measures will specifically target people in long-term arrears.

Currently a third of all those who're behind on their payments are in mortgage arrears of 720 days or more.

The details of the plans have yet to be finalised - but Junior Minister Harris wants to include an alternative to the banks' veto on personal insolvency arrangements:


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