Jim Daly TD has raised the issue
FINE Gael Cork South West TD, Jim Daly has said the way forward in resolving issues relating to mortgage arrears centres on better communication between banks and the borrowers who may find themselves in financial difficulty.
“If a sustainable path is to be set out in terms of addressing mortgage arrears, the first step has to be improving the communication between the borrower and the lender. “Financial institutions have to address the manner in which computer generated letters are issued to customers within just a few days of an account going into arrears and those in financial distress must learn not to ignore the issue but to talk to their loan provider about their current situation,” he said.
