Thursday 22 February 2018

Tie recent mortgages to current valuations

As bankers and Government were equally to blame for the boom-to-bust fiasco, the only fair way to treat distressed mortgage holders who bought during the boom is to tie their repayments -- for the full life of the mortgage -- to the current value of their homes.

So obvious and simple a solution would be just and reasonable for all, as the lenders will benefit from any future upturn in house values and already overburdened taxpayers will not be asked to bear any of the costs of debts they did not incur.

George Mac Donald
Gorey, Wexford

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