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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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The investigation into the former Anglo Irish Bank chairman, Sean Fitzpatrick, and its former chief executive, David Drumm, is to conclude today.
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Ireland WeatherToday:Scattered showers of rain, sleet and, over hills, snow in the morning with sunny spells, the best of these in the south. The showers dying out this afternoon with increasing amounts of sunshine. Occasionally fresh westerly or northwesterly winds easing. Maximum temperature 6 °C.Tonight:Clear start with a fairly widespread frost developing. Increasing cloud brings occasionally heavy rain overnight, preceded, especially over western hills, briefly by snow. Occasional southeasterly gales, severe near coasts, developing. Minimum temperature -2 °C.
