Fianna Fáil Seanad Spokesperson on Public Expenditure Thomas Byrne has noted that the Keane Report on Mortgage Arrears rubbishes the Fine Gael election promise to increase mortgage interest relief for the “negative equity generation” to allow savings of up to €166 per month.
 
Senator Byrne said: “The Keane Group examined the FG promise but rejected it out of hand as they believed that it would be indiscriminate between those in need and those not in need costing €120 million a year without being properly targeted” said Senator Byrne.
 
“It is just one of a number of broken promises, which gave many people false hope that a serious effort was being made by Fine Gael.
 
Senator Byrne, who co-authored an all-party report on mortgage arrears in the last Dáil, welcomed the proposal on a mortgage-to-rent scheme but said he agreed with the FLAC criticism that the Government seemed unwilling to impose immediate responsibilities on banks and were kicking some of the potential solutions down the road.

Fianna Fáil Seanad Spokesperson on Public Expenditure Thomas Byrne has noted that the Keane Report on Mortgage Arrears rubbishes the Fine Gael election promise to increase mortgage interest relief for the “negative equity generation” to allow savings of up to €166 per month.

Senator Byrne said: “The Keane Group examined the FG promise but rejected it out of hand as they believed that it would be indiscriminate between those in need and those not in need costing €120 million a year without being properly targeted” said Senator Byrne.

“It is just one of a number of broken promises, which gave many people false hope that a serious effort was being made by Fine Gael.

Senator Byrne, who co-authored an all-party report on mortgage arrears in the last Dáil, welcomed the proposal on a mortgage-to-rent scheme but said he agreed with the FLAC criticism that the Government seemed unwilling to impose immediate responsibilities on banks and were kicking some of the potential solutions down the road.