Report says mortgage support is insufficient

A NEW mortgage support and advice service should be set up to deal with the huge volumes of distressed mortgage holders and the range of issues they face, the Government’s mortgage arrears report has advised.

According to the report, MABS, the money advice and budgeting service, presently lacks the capacity to deal with the problem.

The report recommends a new service, which links to MABS offices, to ensure that mortgage holders know how to access the advice.