At the end of 2010, one in every ten residential mortgages was in trouble. By March 2011 it was one in nine. At the end of June almost one in eight mortgages was struggling. Cuts in take home pay due to tax rises and reduced working hours are pushing more and more families to the edge.
Around 40,000 mortgages are now in arrears of more than 6 months, and the average arrears is €21,000.
While actual respossessions are quite low (263 in two years), there is evidence that lending institution are getting court orders but waiting until the market recovers before they act. The homes and well being of tens of thousands of families are at risk.
In the face of Government inaction on this gathering crisis, a group of national organisations dealing with debt, housing, homelessness and poverty have come together to propose a 9 point plan to tackle the crisis. These organisations, which are in the front line of helping people deal with the day-to-day crisis are now asking you to e-mail your local TD, calling for urgent action and drawing their attention to the 9 principles the organisations have set out. You can read the full plan here.
The organisations are: Free Legal Advice Centres (FLAC), Threshold, New Beginnings, Focus Ireland, Saint Vincent de Paul, Northside Community Law Centre, Ballymun Community Law Centre, Respond! Housing Association, Cluid Housing Association. A number of individuals also contributed to the proposal: Dr. Stuart Stamp (NUI Maynooth) Ciara Murray (Public Information Consultant), Simon Brooke (Housing and Social Policy Consultant), Dr Michelle Norris (University College Dublin), Dr Padraic Kenna (NUI Galway).
Please note that Focus Ireland is hosting this campaign on behalf of the wider group. You can, of course, participate in the campaign and decline to be contacted further but if you agree to be contacted further on this campaign your name will be added to a Focus Ireland list. Unsubscribing is easy at any time, if your are not interested in any information we send you.
Now please scroll down and send the e-mail.