Banks told to act on mortgage debt relief

Taoiseach Enda Kenny has called on the banks to act now and negotiate deals with struggling mortgage holders ahead of new debt relief measures coming into force next March.

Mr Kenny said he was not satisfied with the pace of the resolution between banks and troubled homeowners.

Mr Kenny came under pressure during Leaders’ Questions in the Dáil yesterday after stinging comments from finance chiefs this week on the failure by lenders to tackle the mortgage crisis.