Tuesday 6 December 2016

Being strangled by the monthly mortgage noose

Aoife Walsh

Published 22/04/2010 | 05:00

According to the Financial Regulator, more than 28,000 homeowners have not been able to repay their mortgage for more than three months
According to the Financial Regulator, more than 28,000 homeowners have not been able to repay their mortgage for more than three months

OVER the past number of weeks and months, we have become used to speaking in billions.

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Seven billion to recapitalise AIB and Bank of Ireland; a €22bn cash injection into Anglo Irish Bank; €81bn worth of developer loans transferred to NAMA -- the list and amounts of money appear to be endless.

But for many, the only real amount that matters is the one they need to pay each month to keep a roof over their head.

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