Sunday February 23, 2020

Mortgage endgame begins

Internal guidelines published by the Central Bank and circulated to the main banking groups give a clear insight into how borrowers in difficulty will be treated, writes Emma Kennedy.

27th July, 2013
Matthew Elderfield, outgoing deputy governor of the Central Bank. Photo: Maxwells

Finally, the mortgage crisis has come to the crunch. The Central Bank has issued strict guidelines on dealing with mortgage debt to lenders, a copy on which has been seen by *The Sunday Business Post*. The message is clear.

Forebearance is simply not enough any more. Sustainable solutions must be offered. But it is in what exactly the Central Bank sees as sustainable solutions where the questions - and debate - have been.

The bottom...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago