Hope for struggling mortgage holders

THE prospect of some general scheme of debt forgiveness being available to distressed mortgage holders has increased after the Government signalled that it may consider further ways to ease pressure on struggling borrowers.

Taoiseach Enda Kenny told the Dáil the Government was interested in considering a range of options to relieve stress on mortgage holders.

“Such options must be treated carefully, would require authorisation and, in some cases, legislation,” said Mr Kenny in reply to a query from Fianna Fáil TD Michael McGrath.