The Irish government approved new measures to help people who are struggling to pay their mortgages but banks will still be able to take court action against anyone who is more than 12 months behind with their mortgage payments. A new five-step system allowing homeowners with mortgage arrears to agree new repayment terms with banks and building societies is to be established in line with the recommendations of a Government-appointed advisory group on personal debt.
Irish plans aid for mortgage arrears
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