Over 1,000 family home loans have been in arrears for two years or more in Cavan and Monaghan.
In light of these figures, housing and homeless campaigner Father Peter McVerry has called on the Government’s mortgage to rent scheme to be expanded.
In Cavan, over 600 family home loans are in arrears for two years or more, while almost 50 mortgage to rent cases have either been completed or are being actively progressed.
Meanwhile, over 400 family home loans are in arrears for two years or more in Monaghan, while around 20 mortgage to rent cases have either been completed or are being actively progressed, according to the latest figures.
The ‘Mortgage to Rent’ scheme allows mortgage holders at risk of losing their homes to switch to paying an income-based affordable rent to their local authority while remaining in their current dwellings.
Father McVerry has called on the incoming Government to increase the scheme’s eligibility criteria to deal with the 27,000 cases nationwide where homeowners have been in arrears for at least two years.
At present, there are 1,200 active cases in the mortgage to rent process nationwide.
Father McVerry has challenged politicians seeking election to the next Dail to do “something drastic” and says that “it should be made illegal over the next three years to evict people without an offer of mortgage to rent”.