Sunday February 16, 2020

Action urged on mortgage arrears

Lobby groups are calling for more state intervention in how banks tackle the mortgage crisis, as fundamental differences emerge between how each bank handles arrears.

25th August, 2012

Lobby groups are calling for more state intervention in how banks tackle the mortgage crisis, as fundamental differences emerge between how each bank handles arrears.

Earlier this year, the Central Bank required lenders to submit detailed plans on how they should address problems with their mortgage book, with lenders now piloting a range of schemes.

One of the options being trialled by mortgage lenders is a split mortgage, which involves a portion of the outstanding...

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