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Mortgage Distress Plan Helps Over 1,300

An initiative to help those in mortgage distress has successfully resolved the cases of more than 13-hundred AIB Group customers.

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Of those 1,330 customers, around 30% were facing repossession proceedings but have now achieved a long term sustainable solution due to engagement with the Irish Mortgage Holders Organisation.

It says a significant number of families and individual homeowners have successfully had their mortgage challenges resolved under the scheme, which has been piloted for the last year.

It's now being extended for a further 12 months.

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