A 15m Government-funded scheme to help property-owners who are insolvent and in serious mortgage arrears has been launched.
Already around 1,000 distressed home owners have availed of the service through a pilot scheme.
The service, to be known as Abhaile, offers financial and legal advice and will be free for those who are eligible.
To qualify for the scheme, the mortgage-holder must be in arrears and insolvent.
People can apply for the scheme through the Money Advice and Budgeting Service or through a personal insolvency practitioner (PIP).
Lorcan O’Connor, Director of the Insolvency Service of Ireland, said it was “important for people to recognise that there are solutions and supports available.”.
He continued: …
Read the full article at: https://www.rte.ie/news/2016/1003/821078-mortgage-scheme/
