New measures to address arrears crisis

New measures will be announced next week to address the mortgage arrears crisis which will allow struggling borrowers remain in their homes through a variety of ways, Enda Kenny has confirmed.

His comments come after the Irish Examiner revealed earlier this week details of a new mortgage-to-rent scheme to allow those with long term arrears leave their debt behind but remain under their roofs.

Mr Kenny said the Coalition’s long-awaited plan to deal with distressed mortgages would have a particular focus for those with long- term arrears and would also include changes to how banks veto debt deals with those in debt.