Joan Burton (Dublin West, Labour)

I would like to ask the Minister about a proposal that has been consistently advocated by the Labour Party, from way back? We have suggested that a two-year framework be permitted so that people who have difficulties with mortgage debt can work through those difficulties. The banks have consistently refused to permit such a framework - they will allow only a year. Many banks commence legal proceedings almost as soon as mortgages enter into arrears. Will the Minister insist that the financial institutions accept part-payments? A regime of fines and penalties continues to be applied when people fall behind with their mortgage payments in any way. Some institutions will not accept part-payments, which is pushing people over the edge into complete default. That is what we are asking about.

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