Mortgage write-off scheme ‘could aid 30,000’

Struggling homeowners could see a portion of their mortgages written off by banks under a new split-mortgages scheme.

It is understood that up to 1,100 AIB and EBS homeowners who have been unable to make repayments could see the value of their loans written down based on the current market value of their homes.

AIB did not comment on the scheme last night.