An interim report dealing with mortgage holders who are in difficulty is expected to be presented to Irish Minister for Finance Brian Lenihan this week. The report, from a group headed by insolvency expert Hugh Cooney, may recommend that lenders offer troubled mortgage holders the chance to extend the length of their mortgage, let them pay interest only for a time or allow them a payments break to give them time to get their finances back on track.
Irish report on troubled mortgage borrowers due this week
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