Mortgage scheme ‘doesn’t go far enough’

THE scheme to help people struggling with mortgage arrears will place a “strong emphasis on forbearance to give borrowers the opportunity and time to resolve their difficulties”, Taoiseach Brian Cowen said.

But there was a more mixed response from other quarters, with disappointment expressed the scheme did not go far enough.

In all, the Government-appointed mortgage arrears advisory group made 41 recommendations in its interim report.