Blocking repossessed home sales criticised

Blocking the sale of repossessed homes will only prolong the problems for indebted borrowers and does not serve society as a whole, according to the Finance Minister Michael Noonan.

A series of protest at receivership auctions has recently prompted Allsop to declare it will no longer put repossessed family homes up for sale.

The director of the Irish Mortgage Holders’ Association, David Hall, said the move would have “significant implications” for helping people in debt to remain in their family homes.