Taoiseach calls on banks to engage with distressed mortgage holders

Taoiseach calls on banks to engage with distressed mortgage holders

The Taoiseach Enda Kenny says he does not want to see homes repossessed, and is calling on banks to do more to engage with their mortgage holders.

Mr Kenny's comments follow figures from the Court Service which show that 7,000 repossession cases are pending.

Yesterday the Finance Minister Michael Noonan said the figures were a sign of engagement and not an accurate reflection of repossessions.

However, the Taoiseach says the threat of repossession should not be hanging over people's heads.

He said: "The Government have a very clear position here in that we don’t want to see houses repossessed, but the Government have put in place more solutions in this country and more options than exist in many other countries.

"I'd like to see them (the banks) engage more, clearly I don’t want numbers of people where this hangs over their heads on a continuous basis."


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