Cashel councillor calls for mortgage debt action

Sinn Féin Cllr Martin Browne has said that evictions and home repossessions should not become commonplace practices in post Celtic Tiger Ireland and should always be used as a mechanism of last resort. Cllr Browne

Sinn Féin Cllr Martin Browne has said that evictions and home repossessions should not become commonplace practices in post Celtic Tiger Ireland and should always be used as a mechanism of last resort. Cllr Browne

made his remarks following last week’s call by Davy Stockbrokers for banks to repossess more houses in situations where loans cannot to be repaid.

Sinn Féin is opposed to people being evicted from their family homes if the homeowner has made legitimate attempts to pay their debts and has engaged with whatever financial institution they hold their mortgage with. Where a homeowner is no longer in a position to ever repay their mortgage then clearly some form of restructuring, including a write down, must be considered.

“We must ensure that eviction and repossession is only ever used as a mechanism of last resort. We cannot afford to allow this to happen as a society, both morally and economically.

“The State must act on this sooner rather than later and provide for this process to take place independently in order to ensure that we do not have families put out of their homes or being put through protracted court proceedings,” said Cllr Browne.