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Reasonable and practical solutions must be offered to those in mortgage arrears

Speaking on the mortgage arrears debate in the Dáil, Fine Gael Cork North West Deputy, Áine Collins, said that banks must be discouraged from going after the low hanging fruit where customers in mortgage arrears are concerned and instead must offer reasonable and practical solutions to those in serious difficulty. "There is no doubt that the level of indebtedness, especially among many who purchased their homes during the boom, needs to be tackled. And this Government has taken the steps to do that in the form of enacting the Personal Insolvency Bill, setting up the Insolvency Service of Ireland and providing free and independent advice to those in mortgage distress.