Construction News

05/11/2014

Belfast Conference Helps Homeowners Tackle Repossession

A conference to help householders facing repossession is being held in Belfast today, Wednesday 5th November.

The conference, organised by the Department for Social Development's Housing Repossessions Taskforce, will see advice providers, mortgage lenders and Government officials come together to consider options to improve the support that is currently available to households and, where appropriate, introduce new tools to assist distressed borrowers.

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The Department for Social Development's Housing Repossessions Taskforce was established in early 2014 to investigate the impact of repayment arrears, repossessions and negative equity in Northern Ireland.

The conference programme includes presentations and panel discussions on the behaviours of borrowers in debt and the provision of mortgage debt advice, how the Financial Conduct Authority's 'Treating Customers Fairly' expectations are impacting on the mortgage market landscape, and options for households where homeownership is not sustainable.

(CD/MH)

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