Fascinating and worthwhile survey by MABS.
They have conducted a survey of 6000 householders in arrears and found that the majority are in a far older age category that previously thought: 41-65 contrary to the perceived wisdom of first-time buyers in their 30's.
How then, when these householders have finished with their split mortgages etc, are they going to be able to pay the balance as they will have retired? To mention nothing about the fact that a lot of them can't afford pensions...
Plans to end mortgage misery for thousands won't work, says MABS - Independent.ie
'MABS Clients and Mortgage Arrears', by Colette Bennett, is due to be published in a few days.