Mortgage strike a ‘risk’ for participants

A MORTGAGE strike which has been proposed by trade union officials would hurt members more than the banks.

Those participating in such a strike would be placing their credit profiles and their homes at risk, according to the director of the Irish Mortgage Corporation, Frank Conway.

Delegates at a recent Irish Congress of Trade Unions conference backed calls for a “mortgage strike” by at least 100,000 people unless mortgages on primary residences are reduced to genuinely reflect current Irish market value.