The functioning of the Irish mortgage market in particular is subject to much commentary and debate. This is entirely natural given its importance both to the wider economy and to individuals, as a mortgage typically represents the most significant financial commitment most of us will ever make.
While much has been done to improve the functioning of the market, the issue of long-term mortgage arrears remains significant. This is most important for those households and individuals suffering the stress and uncertainty of having significant arrears and being at risk of losing their homes.