Fianna Fáil Cllr for North Tipperary, John Hogan, has called on the government to act now to help families in mortgage distress.
Cllr Hogan commented: “The Irish League of Credit Unions survey this week showed us that over 1.6 million people in Ireland now have just E100 to spare at the end of each month. The survey also shows that 46% of respondents said they’re unable to save any money; 45% are struggling with car finances; and more than a quarter (28%) said they cannot afford the household charge.
“The government has admitted that not enough has been done to help those families in mortgage distress. They get full marks for stating the obvious. But what needs to be done now are real measures to address this critical situation.”
Cllr Hogan added that the government has all but ignored the worsening mortgage arrears crisis since coming to office 13 months ago.
“Every three months we receive official Central Bank figures which consistently show that the mortgage crisis is getting worse. I see it throughout Tipperary every day. Now, finally the government has admitted that not enough has been done and more urgency is needed to deal with this crisis.
“Last September, the government received the Keane report and there has been no movement on this since. At no stage have we had a strategy for dealing with the mortgage arrears crisis brought forward by government. Instead of taking the lead with this, the government were happy to let the banks deal with it. Families who are trying to deal with banks know the pointlessness of this approach.
“Fianna Fáil has already brought forward solutions that will help people in difficulty and we will continue to be proactive on this. The government’s performance in dealing with the problems will be measured by what meaningful action is taken over the next few weeks and months.