Monday 25 September 2017

We must confront our mortgage arrears crisis

Mortgages (stock image)
Mortgages (stock image)
Editorial

Editorial

It has been observed that home isn't a place but a feeling. One wonders what the 38,000 people whose mortgages are now more than two years in arrears are feeling.

The statistics do not speak to the stress and anxiety that hangs over all those families. It is hardly the job of the Central Bank to get involved in such stories.

Nonetheless, the fact that there are tens of thousands of homes in jeopardy does not seem to figure at the top of the political agenda.

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