Brokers criticise 'onerous' mortgage payment breaks process facing unemployed households

New European guidelines extending payment breaks into 2021 will not apply here

Brian Hayes, CEO of the Banking and Payments Federation, said lenders would continue to use the case-by-case system in assessing customer applications for payment breaks.

Leading mortgage brokers have criticised what they say are burdensome demands Irish banks are making on unemployed households applying for mortgage payment breaks.  

It comes as the Central Bank said that although the pan-European regulator, the European Banking Authority (EBA), had given the green light for banks in other European countries to extend their payment breaks into 2021, the new guidelines will not apply here.