Tánaiste presenting new measures to Cabinet aimed at helping people in mortgage arrears

Frances Fitzgerald is introducing the plans which will see free legal, accounting and insolvency aid

frances, fitzgerald, cabinet, mortgage, arrears

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Approval is expected at a Cabinet meeting today of a €15 million scheme to help those in mortgage arrears.

Justice Minister and Tánaiste Frances Fitzgerald is introducing the plans which will see free legal, accounting and insolvency aid.

It has been reported that around 60,000 people are still in mortgage arrears for more than 90 days.

The new measures will be implemented by the Money Advice and Budgeting Service (MABS).

Michael Culloty is the service's spokesperson, and spoke to Newstalk Breakfast about the programme.

"You're eligible if your home mortgage is in arrears, that you're insolvent so you are unable to pay your debts as they fall due, and you're at risk of losing your home," he explained.

"Your lender has deemed you unsustainable - the only offer you've got is following sale or surrender," he added.

He suggested the new programme is 'another plank' of the Government's strategy to assist those in mortgage arrears, following on from the introduction of a dedicated mortgage advice service, helpline and court mentoring service.