Wednesday 26 July 2017

Daniel McConnell: Big majority against banks getting tougher on arrears

Daniel McConnell

Daniel McConnell

AN overwhelming majority of people are vehemently opposed to banks taking tougher measures against distressed mortgage-holders, a new Sunday Independent/ Millward Brown poll reveals.

Seventy-one per cent of people polled said banks should not take more forceful action, including repossession, against those who are no longer paying the mortgage on their family home.

The lack of public appetite for tougher action flies in the face of the comments earlier this year of Department of Finance Secretary General John Moran, who said repossessions in Ireland are at an "unnaturally low" level.

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