MORTGAGE payment breaks for those who have borrowed from their local authority are set to be extended for those struggling financially due to the Covid-19 emergency. Housing, Local Government and Heritage Minister Darragh O’Brien TD said the payment breaks already in place for local authority home-loan borrowers will be extended. But it is understood the banks are unlikely to extend the payment breaks, many of which come to an end on Thursday. Now 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. He said the payment breaks were appropriate but this should not be extended.

Source: Irish Independent September 28, 2020 09:43 UTC