Darragh O’Brien urges banks to help Mica homeowners avoid mortgage defaults

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Housing Minister asks industry bodies for ‘fair and consistent approach' after government warned demolition of damaged houses could trigger full mortgage repayment clause

Darragh O’Brien has urged the banking and insurance industries to help mica homeowners avoid defaulting on their mortgages and to underwrite their houses at standard terms, the Business Post has learned.

The housing minister has written to Insurance Ireland and the Banking and Payments Federation as the government finalises plans for an enhanced redress scheme for thousands of homeowners in Donegal, Mayo, Clare and Limerick whose houses have been damaged by defective blockwork.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines