Calls have been made in Clare for a body to be set up to buy distressed mortgages and lease houses back to the owner, so people don’t end up on the streets.
The National Housing Co-Operative Society would acquire mortgages from those struggling and rent the home to them at an accepted rate of rent.
- Advertisement -
It would allow the tenant to eventually buy back their mortgage if they are in a financial situation that allows them to.
Ballybeg Fianna Fáil Councillor Clare Colleran Molloy proposed the idea – she says things can’t continue as they are.
