TD EXPRESSES FEARS AS ONE IN FOUR MORTGAGE HOLDERS ‘IN DISTRESS’

first_imgSpeaking after the publication of the latest residential mortgage arrears figures by the Central Bank, Sinn Féin finance spokesperson Pearse Doherty has described the figures “shocking” and “alarming”Deputy Doherty said: “179,370 mortgage holders are in distress according to the Central Bank. 115 homeowners fell into distress every single day from the start of July to the end of September.“Almost one in four mortgage holders are in distress. This is both shocking and alarming.“Unfortunately it is not surprising. Like Fianna Fáil the Government has taken no action to assist struggling mortgage holders. The Keane report recommendations have yet to be implemented. The Personal Insolvency Bill offers little hope to those in distress. “To make matters worse this week the Government has introduced a budget that will push tens of thousands of struggling families deeper into financial stress and poverty.”With one in four mortgage holders in distress the Donegal TD asked the Government expect these people to pay the Family Home Tax?“How does the government expect people to cope when the cuts to child benefit kick in?” he said.“Given the impact this budget will have on the income of hard pressed families there can be little doubt that the number of mortgage holders in distress will continue to rise in 2013.” TD EXPRESSES FEARS AS ONE IN FOUR MORTGAGE HOLDERS ‘IN DISTRESS’ was last modified: December 14th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:TD EXPRESSES FEARS AS ONE IN FOUR MORTGAGE HOLDERS ‘IN DISTRESS’last_img