New Guide Will Help Borrowers in Mortgage Distress in Longford

Martha O'Brien

Reporter:

Martha O'Brien

CHLRP

New Guide Will Help Borrowers in Mortgage Distress in Longford

There is a new Guild called "Your EU Consumer and Human Rights: A Guide for People in Mortgage Distress in Ireland" designed to help people understand and advocate for their rights using EU consumer and human rights law.

It is a vital read for anyone who was improperly denied tracking mortgages or those who have been given incorrect interest calculations.

Central Bank of Ireland statistics at September 2017 show that over 72,000 mortgages are in arrears and over 31,000 of them were in their second year so putting them at an even higher risk of their mortgages being repossesed.

“Our Guide sets out simply and clearly how existing EU law should be routinely applied to determine, firstly, whether a mortgage contract term is fair and, secondly, whether a possession or eviction notice is a proportional response to any breach of a mortgage term,” said Dr. Padraic Kenna, Director of the Centre for Housing Law, Rights and Policy, NUI Galway and one of the authors of the report.

However the authors have stressed that the Guide is only for information purposes and it does not provide legal advice. They suggest people show it to their solicitor but don't substitute it for consulting a lawyer.

The Guide can be found on http://abusivelending.org for free.