New law puts homes in firing line

first_imgFirst Irish death from Coronavirus THE Limerick-based leader of the country’s newest political party has called for an ombudsman to step in between banks and people facing repossession of their homes.Sign up for the weekly Limerick Post newsletter Sign Up Thousands of struggling mortgage holders fear losing their family homes after the government this week passed legislation which overturns a court decision to put a block on repossessions.The new Land and Conveyancing Act means that banks can decide whether or not to strike a deal with homeowners and owners of buy to let properties where the mortgage is in arrears. Banks say that a large portion of those in arrears are selective defaulters.But Martin Critten from Kildimo, founder of the National Independent Party, says the new legislation is not the answer.“To use the red herring of selective defaulting is an insult to more than 190,000 mortgage holders who are in real distress. There might be one percent selectively defaulting but that doesn’t mean the other 99 per cent should be held to ransom for them,” he told The Limerick Post.Mr Critten said his party is “totally opposed” to the banks approach to mortgage problems‘We need a separate ombudsman to deal with the situation of mortgage arrears before the banks can repossess, given the extent of Ireland’s problems.“Enda Kenny doesn’t have the backbone to stand up to the banks. The banks are complicit in this catastrophe”. Shannondoc operating but only by appointment WhatsApp via New law puts homes in firing line | Limerick Post Newswrite. Facebook RELATED ARTICLESMORE FROM AUTHOR No vaccines in Limerick yet Linkedin NewsNew law puts homes in firing lineBy Bernie English – July 31, 2013 626 Walk in Covid testing available in Limerick from Saturday 10th April Advertisement Twitter Previous articleRhino horn chargeNext articleAnger over dumping outside shop Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Email Print TAGSfeaturedmortgages default Surgeries and clinic cancellations extended Proceedures and appointments cancelled again at UHLlast_img