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Government 'under pressure' over mortgage interest hike

May 5, 2023 08:57 By News Northern Sound
Government 'under pressure' over mortgage interest hike
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'The Taoiseach says the government will consider introducing a mortgage relief scheme, amid rising interest rates'

The government is coming under pressure to introduce mortgage interest relief after the European Central Bank increased interest rates by a quarter of one per cent.

It's the seventh time they have gone up since July last year. The Taoiseach Leo Varadkar said mortgage interest relief will be considered as part of Budget 2024.

Co-founder of the Irish Mortgage Holders Association David Hall says there are a number of measures the government can introduce to help struggling home owners.

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