Fianna Fáil hits out over mortgage arrears

Fianna Fáil has said Government fears that its new mortgage arrears bill is not constitutional are “ill-founded” and a convenient excuse to block the legislation.

The party’s finance spokesman, Michael McGrath, who is bringing the bill, is seeking to remove the veto banks have on those seeking to stay in their homes. He says the legislation is geared at keeping people in their homes.

Mr McGrath said there is an inherent unfairness in how banks and homeowners are being treated when it comes to mortgage resolution, and that this is leading to families unnecessarily losing their homes.