Monday February 17, 2020

Shared ownership initiative sees 700 homes repossessed

Of the 689 homes repossessed, 293 were forcibly taken from their owners, with 393 voluntarily surrendered

31st December, 2017
Sinn Féin environment spokesman Eoin Ó Broin said, "Whether it's a standalone body or an added function of the EPA is an open question”.

Local authorities have repossessed almost 700 homes after state-sponsored ‘subprime’ mortgages went into arrears, new figures show.

The homes were bought under the ‘shared ownership’ scheme, which allowed people who would otherwise struggle to afford a home to take out mortgages.

Of the 689 homes repossessed, 293 were forcibly taken from their owners, with 393 voluntarily surrendered.

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

Related Stories

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 1 day ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 1 day ago

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 1 day ago