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Morgan welcomes ICTU proposals on mortgage relief

30 July, 2007


Sinn Fein spokesperson on Housing Deputy Arthur Morgan has today welcomed the Irish Congress of Trade Unions requests to the Taoiseach regarding the need for significant changes to be made to the rate of mortgage interest relief in order to protect householders against recent rises in inflation.

The Louth TD said, "Sinn Fein have long said that getting rid of or amending stamp duty rules would not take the financial pressure off first-time buyers and that what is actually needed is changes that will help homeowners rather than property developers. We have been calling for significant changes to be made to mortgage interest relief rates to offset the continuously rising rates of inflation and help those that need it most and Sinn Féin certainly welcomes the calls from ICTU echoing this sentiment.

"It is totally unacceptable that as inflation rates are continuing to rise the Government has displayed no willingness to implement any meaningful measures to help those who are placed under further financial pressure. It is almost a certainty that the European Central Bank will increase their rates twice more during this year. The Government must act to ease this extra financial burden on homeowners. "

ENDS

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