Interest Rates
Government weighs mortgage relief to help ease pain from rate hikes
But the reintroduction of relief, which was phased out in 2020 can’t be “promised”, Leo Varadkar said
The government is weighing the reintroduction of mortgage relief as part of this year’s budget package to ease the financial pressure on borrowers as the European Central Bank’s rate tightening continues.
Concessions for mortgage holders will be among options considered to help people in response to cost of living pressures in next year’s budget, Taoiseach Leo Varadkar told reporters. But the reintroduction of relief, which was phased out in 2020 can’t be “promised,” he said.