Officials warned ministers that mortgage holders must pay interest on mortgage break
Tánaiste and finance minister were advised by officials that mortgage holders would have to stump up extra interest or face ‘serious’ consequences
Officials warned Tánaiste Leo Varadkar and Minister for Finance Paschal Donohoe that mortgage holders would have to pay back interest accrued during their payment breaks or risk facing “serious negative” consequences, prior to their meeting with bank bosses.
Briefing documents drawn up by Department of Finance officials before the May 11 meeting and circulated to both ministers offered guidance on a range of issues, including forbearance measures introduced during the Covid-19...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
Colin Murphy: In law, we are closer to house arrest than a 5km limit
Covid-19 restrictions say you should not leave home at all ‘without reasonable excuse’ – a rule that‘s broader than it need be, is widely misunderstood and of dubious effectiveness
Potential use of rapid antigen tests in workplaces and schools to be assessed
Speedy tests for virus could be used alongside the state’s PCR testing programme as country aims for safer eventual reopening
Russia willing to share access to Sputnik V vaccine with Ireland
Vaccine found to be 91.6 per cent effective in symptomatic patients, but Irish officials not yet ready to go outside EU’s vaccine programme
Future tense: the nation’s small businesses fear what comes next
Even with the help of the CRSS and other state aids, businesses are at breaking point – and while compliance is still high, there is a collective exhaustion and a worry that for many, reopening may never arrive