The head of The Irish Mortgage Holders Organisation has branded the refusal of banks to reintroduce Mortgage Payment Breaks as ‘disgraceful’.
The comments from IMHO, CEO, David Hall follow a press statement from the Banking and Payments Federation Industry which confirmed this afternoon that the payment breaks would not return along with stricter Covid restrictions.
David Hall says, ‘We are not in this together and banks and vulture funds are not to be trusted.
‘I fully respect ordinary bank staff working in this country, but their bosses have made a cruel and unnecessary decision that will heap further pressure on to thousands of families who’re already struggling to cope with the worst global health crisis in living memory.
‘As well as the stress of dealing with potential job losses as part of the latest round of restrictions, many homes will now also have to face payment demands from overbearing lenders.
‘The message from The Irish Mortgage Holders Organisation is simple – mortgage payment breaks should continue, as long as Covid continues.’