Friday May 29, 2020

One in ten TDs and senators in distress with mortgages

Politicians in financial difficulty as a result of investment properties and buy-to-lets

25th January, 2015

More than 10 per cent of TDs and senators are in distress with their mortgages, a stark figure that highlights the scale and scope of Ireland’s ongoing mortgage crisis.

Correspondence obtained by this newspaper reveals that 23 members of the Oireachtas are clients of the Irish Mortgage Holders Organisation (IMHO), a not-for-profit body that helps struggling mortgage holders deal with their banks.

The IMHO is negotiating with lenders on their behalf in an effort to...

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