Finance Minister promises new menu of options to help those in mortgage arrears

Michael Noonan’s promising a new menu of options to help those in mortgage arrears. The Finance Minister’s also confirmed that analysis is being done on the interest rates banks are paying to borrow money compared to what they’re charging their own customers. He’ll then call in the six main lenders to ask them to explain why they’re not cutting their variable home loan rates. And Minster Noonan’s welcomed the latest initiative from Ulster Bank whereby residual debt can be written off for certain customers if they sell their home, and says other lenders need to consider similar moves: [audio_player src=”http://media.radiokerry.ie/mediamanager/embed/audio/38921/medium/”]