Start gets behind MABS deal to protect struggling mortgage holders
Submitted by admin on Mon, 06/08/2009 - 07:00
By Charlie Weston Personal Finance Editor
SPECIALIST mortgage lender Start said yesterday it was open to signing up to a new code which gives breathing space to customers who default on debts.
Twelve of the country's leading banks promised earlier this week to avoid taking legal action against customers who default on their debts.
This promise applies provided customers make genuine attempts at some form of repayment.
The deal was brokered between State-supported advisory service MABS (Money Advice and Budgeting Service) and the Irish Banking Federation.