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8% of Clare mortgages in arrears

THE Central Bank has today (Monday) confirmed that 8% of mortgages in Clare are currently in arrears. The Central Bank has also noted almost 66% of people are unaware that there are free support services available to home-owners who are in mortgage arrears, as outlined in a new study conducted by the Citizens Information Board (CIB). The finding comes on foot of the recent launch of the communications campaign for Abhaile by the Tánaiste and Minister for Justice and Equality, Frances Fitzgerald and Minister for Social Protection, Leo Varadkar. Angela Black, chief executive of CIB welcomed the report, which forms part of the communications campaign, aimed at increasing awareness of Abhaile, the Free Mortgage Arrears Support service dministered by MABS. Since its introduction last October, Abhaile has helped in excess of 4,800 people in mortgage distress. “We very much welcome the launch of the communications campaign, which has been developed specifically with the distressed borrower in mind. While this service has already brought much …

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