By Jimmy Rhatigan
UNLIKE several banks, our local authority has shown respect and decency by giving a Mortgage Payment Break to people who secured a mortgage from their local authority or the Rebuilding Scheme.
Ten out of ten to the local authority, an angel of mercy, that is doing the honourable thing for those experiencing financial distress arising out of the Covid-19 Emergency.
The banks had already announced a three-month mortgage moratorium for some but not for all of its customers.
But the devil was in the detail as those who availed of the opportunity then discovered that they would face bills of up to €2,000 for the privilege of what some may have believed to be a smidgen of goodwill.
In marked contrast, our local authority’s three-month payment break will not be charged interest during this period.
Homeowners who hold mortgages with their local authority can take a three-month payment break and will not be charged interest during this period.
Council Cathaoirleach Peter Cleere told The Kilkenny Observer:
“I welcome this announcement by the Government during this very difficult time when people are losing their jobs.”
“I would urge any borrower facing difficulty to contact the local authority immediately and fill out the necessary forms to avail of the mortgage break.”
To apply for this mortgage break a simplified application form must be completed by the borrower.
Full details of the scheme and the application form are on the council’s website www.kilkennycoco.ie and can also be obtained by contacting the Council Finance Department at 056-7794021 /77-94056.