Distressed mortgage legislation
Robert Troy presses for measures to protect families facing repossession and criticises Government inaction. The Taoiseach says options for sustainable solutions will follow the spring economic statement and prioritises preventing loss of homes.
A number of weeks ago the Taoiseach promised that he would introduce legislative changes to help the hundreds of family who are hauled before the courts on a weekly basis and face the real danger of losing their family home. He said the measures and proposals would be brought before the House before the end of April. When will the Government finally wake up and realise that hundreds, if not thousands, of families risk losing their homes? When will it bring forward legislative changes to ensure that these families are supported? I hope infighting between the two political parties in the Government regarding legislative changes and proposals is not stalling this. Every day and night of delay means another family could lose their home, which is one too many. People are suffering and they need the Government's help, but the help the Government has provided to this section of society has been negligible thus far.
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I did not see the Deputy's sign in Ballymahon welcoming the €300 million investment there.
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That is private enterprise. It has absolutely nothing to do with the Government.
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The Taoiseach did not know it was coming.
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The Taoiseach would get lost in the woods down there.
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It is very much aware of the hundreds of thousands of families that were put into negative equity and are in despair and disillusionment because of the mess and incompetence created during its years in government.
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The Government has done nothing about the variable interest rate and it cut mortgage interest support.
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The spring economic statement will issue next week and in the following week the Government will bring forward a number of options for dealing with distressed mortgages where it is necessary that something extra be done. I made the point previously that the Government's priority is to ensure that people do not lose their homes. There is a requirement for sustainable solutions to be brought forward in all of these cases, and this requires decisions to be made in a practical way. The Government will bring forward a number of measures in the week after next in that regard. I hope the Deputy will contribute constructively to the debate when it takes place.