Mary welcomes the announcement that the Covid19 mortgage payment break already in place for local authority home loan borrowers will be extended for a further three months and remain open for new applications from people suffering loss of income due to Covid19 until the end of the year.

Local authority home loan borrowers could already avail of two payment breaks totalling up to six months.  Borrowers who take up a third payment break will be contacted by their local authority during the payment break to assess their financial situation and discuss options if necessary. 

No additional costs to the original home loan balance arise for the borrower who avails of these measures, as borrowers are not charged interest for the period of the breaks.

Due to the continuing economic uncertainty associated with COVID-19, many local authority home loan borrowers continue to face difficulties in paying their mortgage.

To help people in this situation, Government is extending the mortgage payment break period by another three months, allowing people a total of nine months to get back on their feet. The  deadline for applying for a payment break is also being extended until the end of 2020 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‚Äôs website. 

For Dublin City Council mortgage holders they can contact: