New Government proposals for hard pressed homeowners fall well short – BREEN

July 13th, 2010 - Pat Breen

Fine Gael’s Deputy Spokesperson on Foreign Affairs and Clare T.D. Pat Breen said today (Thursday) that the Governments proposals to help homeowners in trouble fall well short of what is required. “Over 70,000 thousand mortgage holders in this country are in arrears and suggesting that such homeowners should hand over the keys to their homes and join a lengthy social housing list is not the answer.”

“There is a serious problem in this country with mortgage arrears with at least 70,000 mortgage holders behind on their payments and 30,000 who are in mortgage arrears greater than three months. This Government signed a blank cheque to bailout the banks and the taxpayer will end up footing the bill for all the billions which have been invested although there will be no bailout for the ordinary man and woman on the street.”

“The proposals which they published this week to help homeowners in distress do not go far enough. Encouraging home owners to hand back the keys of their homes and to sign onto the social housing lists at a time when cash strapped local authorities are dealing with an unprecedented demand for housing shows exactly how out of touch this Government has become. There are 2,500 families on the social housing list in County Clare alone, for example, and I would be very interested in hearing how the Government plans to fund this additional demand for housing.”

“Regarding Mortgage Interest Supplement, the Department of Social Protection recent proposals should be introduced immediately. This would help homeowners such as couples who not receive the supplement if one person is working in excess of 30 hours a week or when a mortgage is with a sub-prime company.”

70,000 mortgage holders behind on their payments and 30,000 who are in mortgage arrears greater than three months. This Government signed a blank cheque to bailout the banks and the taxpayer will end up footing the bill for all the billions which have been invested although there will be no bailout for the ordinary man and woman on the street.”

“The proposals which they published this week to help homeowners in distress do not go far enough. Encouraging home owners to hand back the keys of their homes and to sign onto the social housing lists at a time when cash strapped local authorities are dealing with an unprecedented demand for housing shows exactly how out of touch this Government has become. There are 2,500 families on the social housing list in County Clare alone, for example, and I would be very interested in hearing how the Government plans to fund this additional demand for housing.”

“Regarding Mortgage Interest Supplement, the Department of Social Protection recent proposals should be introduced immediately. This would help homeowners such as couples who not receive the supplement if one p