We were mentioned in a piece by the Independent about Mortage Interest Supplement in which they revealed that the people reliant upon it are up five fold in four years.
Karl Deeter of Irish Mortgage Brokers has warned that expected interest rate hikes this year will push even more householders to the edge. “I can’t see how they (number of applicants) won’t rise because it’s becoming more popular and more necessary,” he said.
“The scheme is in place to help you get over the hump, in the hope that you’ll get back to work soon. “But the end result is that there will be more people on it come the end of the year as interest rates go up and unemployment rises.”
Karl Deeter of Irish Mortgage Brokers has warned that expected interest rate hikes this year will push even more householders to the edge.
“I can’t see how they (number of applicants) won’t rise because it’s becoming more popular and more necessary,” he said.
“The scheme is in place to help you get over the hump, in the hope that you’ll get back to work soon.
“But the end result is that there will be more people on it come the end of the year as interest rates go up and unemployment rises.”
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