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Mayo County Council has confirmed arrangements are now in place for home loan borrowers who may be experiencing a reduction in their income arising from the Covid-19 emergency and may not be able to make repayments on their loans.

Banks must freeze payments and interest on all student loans for a three-month period, similar to the measures introduced by the retail banks for mortgages and business loans.

A moratorium on commercial rates, insurance rebates, and mortgage and rent freezes, are urgently required to assist individuals, and small/medium businesses to withstand the impact of the coronavirus pandemic.

Many Irish homeowners could shave ten years off their home repayments by switching mortgages and keeping their repayments at the same level, a new report has found.

Requirements of applicants seeking a loan under the Rebuilding Ireland Home Loan scheme should be relaxed (RIHL) according to Tuam area councillor Karey McHugh Farag.

Irish home owners could work three weeks less this year by simply switching their current mortgage from the highest rate, a process that can be less painful than most popular New Year’s resolutions, according to an expert.

A loan of €10 million has been approved by the Galway County Council to purchase land for more social and affordable housing.

A fresh call was made in Athlone on Thursday last for Westmeath householders in serious mortgage arrears to engage with their lenders as there is now a fresh urgency to find solutions and leave families in their homes.

Hundreds of Westmeath householders in unsustainable mortgage arrears and at risk of losing their homes are being given fresh hope of a solution to their problems.

Home for Life - the state-backed mortgage to rent finance scheme - has the potential to help a number of the 578 cases in Mayo reported to have over 720 days of mortgage arrears, according to the company's CEO. At the Housing Strategic Policy Committee of Mayo County Council this week, Home for Life's chief executive officer, Paul Cunningham, suggested that these arrears cases, which the Central Bank's Long-Term Mortgage Arrears in Ireland Report note as being 'in serious mortgage arrears', could be helped by the scheme.