Irish report on troubled mortgage borrowers due this week

An interim report dealing with mortgage holders who are in difficulty is expected to be presented to Irish Minister for Finance Brian Lenihan this week. The report, from a group headed by insolvency expert Hugh Cooney, may recommend that lenders offer troubled mortgage holders the chance to extend the length of their mortgage, let them pay interest only for a time or allow them a payments break to give them time to get their finances back on track.

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3d rendering of a row of luxury townhouses along a street

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