Homeowners with mortgages from Dublin City Council and Rebuilding Ireland home loans can now apply for a three-month payment break.

The payment break is open to those who have already faced mortgage difficulties due to the Covid-19 emergency and any Rebuilding Ireland loan holder who is currently facing financial difficulties can now apply.

A lot of people have had real concerns as to how they would repay their mortgages because of lay-offs due to the Covid-19 crisis so this will offer those individuals a small reassurance in these uncertain times.

If an individual applies for a mortgage break they will not be charged interest for the period of the break, meaning that no additional costs to the original home loan balance will arise for any individual who avails of these measure.