Monday 5 December 2016

At last, a way out of mortgage mess

Published 12/03/2014 | 02:30

There's light at the end of the tunnel due to the AIB ruling. Picture posed. Thinkstock
There's light at the end of the tunnel due to the AIB ruling. Picture posed. Thinkstock

THE revelations that a family got a massive chunk of their mortgage debt written off by state-rescued AIB will infuriate and delight people in equal measure.

  • Go To

Many of those who are in their 30s and 40s who over-borrowed during the housing bubble, and are now in financial trouble, will be encouraged by the latest debt deal. These people will feel AIB is just facing up to reality here.

It was necessary to forgive €150,000 in mortgage debt for the Dublin family to stay in their home.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice