Guidelines to help struggling mortgage holders meet payments

THE Master of the High Court has issued guidelines for under-stress borrowers, as he revealed that 600 new cases for repossession of homes had come before him since early June.

Most of the cases involve outright default of loans over a year or more.

Edmund Honohan, who prepares cases for hearing, said he was conducting a survey on the 600 cases and would be publishing the results of that later this year.