THE mortgage payment break scheme will not be extended. But senior Government ministers have played down the threat of a “cliff-edge” for mortgage borrowers on payment breaks. But there is to be no large-scale offer of extending the payment breaks by banks and other lenders. Instead, some payment breaks may be offered, with other solutions also looked at, according to a Government statement. “For this reason the banks must continue to offer payment breaks to individuals and business that still need them.

Source: Irish Independent September 28, 2020 14:15 UTC