There are families across Donegal who are fearful of losing their home, a TD has claimed.
Fianna Fáil’s Charlie McConalogue TD says his party remains committed to finding a solution for distressed homeowners who are facing repossession.
Between 2014 and 2015, the number of repossession orders on family homes granted by circuit courts increased by 20%, he stated.
“The next Government must make mortgage arrears a priority. There are families across the county that are fearful of losing their home, and the last Government failed to fight the corner of these homeowners. It is no longer acceptable to sit back and allow this situation become a crisis. We saw that happen with homelessness and housing emergency, which has been exacerbated by rising mortgage arrears. This problem must be tackled,” he said.
“The Mortgage-to-Rent scheme has not had the desired results. It was set up to keep people in their homes but unfortunately this is not happening – fewer than 3% of mortgage holders in arrears have applied to the scheme, and of those only 3% of them have qualified for assistance. The scheme is simply not working.
He said Fianna Fáil would set up a new system to help people at risk of repossession. “We will adapt the system to provide sustainable solutions for people in mortgage arrears or facing repossession. We would also ensure that banks are prevented from securing a repossession order if they have failed to comply with the Code of Conduct on Mortgage Arrears,” he said..