Almost 13% of all mortgage golders unable to make payments, figures show
on 23/08/2013 16:18:49
Almost 13% of all mortgage holders have not been able to finance their home loans for three months or more, amounting to almost 98,000 homeowners.
Six banks were told to create solutions for 20% of those in arrears by the end of June, and 50% by the end of the year.
"I suppose there are two sides to this," said Karl Deeter from the Irish Mortgage Brokers. "One is borrowers who either can't or won't pay, the other is banks that either can't or won't negotiate."
"It's important that we don't automatically take a side. What we do have to acknowledge is the problem in the system, and try to get to some kind of resolution that actually works.
Because so far, everything that the bank said they were going to do isn't working."