Banks accused of profiting on back of pandemic

While the main banks have agreed to a three-month payment break for mortgage owners, Pearse Doherty said lenders were throwing the extra interest for the delayed loans back onto borrowers.

Pearse Doherty

Banks are profiting from the Covid-19 pandemic. That's according to Sinn Féin's finance spokesman Pearse Doherty and others who have raised concerns about extra payment demands from struggling mortgage holders.

While the main banks have agreed to a three-month payment break for mortgage owners, Mr Doherty said lenders were throwing the extra interest for the delayed loans back onto borrowers.