Suicide warning over repossessions

HOME repossessions are leading to suicidal tendencies among struggling mortgage holders and the break-up of couples’ relationships, an Oireachtas Committee has been told.

The warning comes amid calls by a former minister for a major subprime lender operating in Ireland to be put out of business.

A group opposed to home repossessions yesterday voiced concern about recession-hit mortgage holders. Repossessions were creating “tremendous social, psychological and economic issues” for borrowers, claimed Barry O’Flynn of the Prevention of Family Home Repossession Group.