By Dan Walsh
Wexford TD and Minister of State for Law Reform James Browne has confirmed to WexfordLocal.com that the mortgage payment break already in place for local authority home loan borrowers in County Wexford will be extended for those continuing to face difficulties due to the Covid-19 emergency.
Borrowers under Wexford County Council’s home loan scheme could already avail of two payment breaks totalling up to six months and borrowers who take up a third payment break will be contacted by their local authority during the payment break to assess their financial situation and discuss options if necessary.
Commenting the Minister said; “Due to the continuing economic uncertainty associated with COVID-19, many local authority home loan borrowers in Wexford continue to face difficulties in paying their mortgage or have very real fears that they will face repayment problems in the future.
“The simplified application process in place allows borrowers in distress to access a payment break quickly. Any local authority home loan borrower facing difficulties due to COVID-19 are urged to contact Wexford County Council as soon as possible to access the information that is available on the Wexford County Council website.
“Importantly, no additional costs to the original home loan balance arise for the borrower who avails of these measures, as borrowers are not charged interest for the period of the breaks,” concluded Minister Browne.
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