More people with mortgage arrears will have the chance to stay in their homes under a new revised scheme announced by the Government today.
Housing Minister Darragh O'Brien is bringing changes to the 'Mortgage to Rent' scheme, which allows successful applicants to remain in their home as a social housing tenant with the state stepping in and buying the property.
The MTR scheme offers households in acute, unsustainable mortgage arrears, with little or no prospect of a significant change in circumstances, the chance to surrender a property to a lender and in turn become a social housing tenant.
