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The Government is vowing to tackle the mortgage arrears crisis

The Government is vowing to tackle the mortgage arrears crisis ahead of the next general election. J...
TodayFM
TodayFM

9:37 AM - 7 Mar 2015



The Government is vowing to ta...

News

The Government is vowing to tackle the mortgage arrears crisis

TodayFM
TodayFM

9:37 AM - 7 Mar 2015



The Government is vowing to tackle the mortgage arrears crisis ahead of the next general election.

Just over 110,000 private residential mortgage accounts were in arrears at the end of last year - 14.5%  of all accounts.

The Irish Times reports that the government is working to expand the mortgage to rent scheme, so that people with difficulties repaying their mortgage can switch to renting their home as social tenants.



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