Mortgage Arrears: If I'm in arrears, what steps should I take?

New legislation means those in mortgage trouble have more options when dealing with the banks than they used to, but ignoring the problem is a big no-no, writes Emma Kennedy.

17th March, 2013

The plan unveiled by the government and the Central Bank last week does not offer a silver bullet for Ireland's mortgage crisis.

It does, however, put the squeeze on banks to agree workable solutions with indebted borrowers.

Put simply, the banks must fix half of their loan book by the end of the year, or face the consequences. The Central Bank has told the banks that 50 per cent of customers whose mortgages are in...

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