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Doherty raises issue of Mortgage defaults in Dáil

30 March, 2011 - by Pearse Doherty TD

For Immediate Release

30th March 2011

Doherty raises issue of Mortgage defaults in Dáil

Sinn Féin finance spokesperson Pearse Doherty today questioned the Taoiseach in relation to bringing forward legislation to deal with mortgage default and debt relief.

Speaking in the Dáil earlier today Deputy Doherty said:

“ Mortgage relief is something which we in Sinn Féin have consistently raised. It is a very serious issue which must be addressed.

“The importance of such legislation has been highlighted by the fact that Permanent TSB has been delisted from the stockmarket both here and in London, given that that bank was heavily engaged in mortgage lending and not development lending"

Deputy Doherty went on to ask the Taoiseach whether there were proposals in relation to debt relief and forgiveness as distinct from interest relief.

The Taoiseach acknowledged the seriousness of the issue and promised to report back later today on the government's position.


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