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06/09/2012
Free Mortgage Advice Scheme Launched By Lenders
A new service to help people devise the best possible mortgage repayment plans has been launched in an effort to help people stay in their homes.
A qualified panel of accountants will proved advise to distressed mortgage holders, as a new service being paid for by mortgage lenders.
The 1,000 accountants will be drawn from members of the main accountancy institutes in Ireland.
The lender will pay €250 for an accountant of the borrower's choosing to provide advice.
Advice will generally be limited to the borrower's principal private residence and those experiencing difficulties with their mortgages have been asked to contact their lenders.
Minister for Social Protection Joan Burton said that a dedicated helpline to deal with mortgage holders is expected to be fully operational by next week.
According to the Central Bank, one in five home loans are in some kind of difficulty.
(H)
A qualified panel of accountants will proved advise to distressed mortgage holders, as a new service being paid for by mortgage lenders.
The 1,000 accountants will be drawn from members of the main accountancy institutes in Ireland.
The lender will pay €250 for an accountant of the borrower's choosing to provide advice.
Advice will generally be limited to the borrower's principal private residence and those experiencing difficulties with their mortgages have been asked to contact their lenders.
Minister for Social Protection Joan Burton said that a dedicated helpline to deal with mortgage holders is expected to be fully operational by next week.
According to the Central Bank, one in five home loans are in some kind of difficulty.
(H)
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Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
