Mary supports the Minister’s announcement today that the Local Authority mortgage break will be extended.
Additionally the deadline for applying for a Local Authority mortgage payment break has been extended until 31st March 2021 to provide for borrowers who may yet suffer setbacks in the coming months.
There is a simplified application process in place to allow borrowers in distress to access a payment break quickly. Any local authority home loan borrower facing difficulties due to COVID-19 are urged to contact their local authority as soon as possible, in particular, to access the application form and information that will be available on each local authority’s website.
For Dublin City Council mortgage holders they can contact: mortgagesupport@dublincity.ie
Mary is disappointed that to date the Banks have not offered the same to their customers, Mary has made representations to the Minister of Finance asking for an update on the Department’s discussions with the main banks regarding this issue.