Thursday, 5 July 2012

Questions (41)

Aengus Ó Snodaigh

Question:

33 Deputy Aengus Ó Snodaigh asked the Minister for Finance if he will provide an update on the implementation of the Keane report on the mortgage crisis; the recommendations from the report that have been implemented and the numbers of households that have been assisted as a result of the implementation of these measures. [32753/12]

View answer

Written answers (Question to Minister for Finance)

Last October the Government published the Report of the Inter-Departmental Working Group on Mortgage Arrears ("Keane Report") and the implementation of its recommendations is now a significant part of the Government's overall efforts to tackle mortgage difficulty. As announced last week, a number of significant milestones have now been achieved in the implementation of the report's recommendations. These are:—

The Minister for Justice, Equality and Defence has published the Personal Insolvency Bill which is now before the Oireachtas;

The Minister for Housing and Planning has formally launched the "mortgage to rent" scheme on a nationwide basis;

Finally, a specific website —keepingyourhome.ie— has been put in place by the Citizens Information Board, which will very shortly be enhanced by a telephone helpline, to provide information to mortgage holders.

The further development and roll out of these measures as necessary will considerably enhance the supports available to distressed mortgage holders. Mortgage holders are free to seek and avail where appropriate of these services, to assist them deal with their mortgage difficulty. It is the Government's intention to continue to work intensively on all these areas to further advance the various measures during the second half of this year.