Calls for mortgage arrears office

The Government faces pressure to set up an independent mortgage arrears office to help struggling homeowners resolve loans as well as calls for enhanced rights for debt-ridden borrowers.

Proposals will also be put before the Coalition this week for the Central Bank to independently assess how exactly banks are resolving thousands of troubled home loans.

Fianna Fáil will launch the private members legislation in the Dáil and call on TDs from all parties to support their proposals to tackle the mortgage arrears crisis.