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16.04 - 03:29
Banks work through 28,000 mortgage break applications
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28,000 mortgage payment break applications have been processed or are currently being worked through by the banks in the last week since the initiative got under way.
It follows a plan put in place by the main lenders to help people cope with financial difficulties arising from the Covid-19 pandemic restrictions.
According to the Banking and Payment Federation Ireland (BPFI) between 8,000 and 10,000 payment breaks for small and medium sized enterprises have also been granted or are in the process of being signed off.
Bank call centres have been inundated with inquiries and requests for help from customers, with as many as 7,000 calls a day being received at different stages of the last week since the payment deferral plan was announced.
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