The Junior Finance Minister says the Government will announce new plans to tackle the mortgage arrears crisis within the next two weeks.
Simon Harris claims the measures will specifically target people in long-term arrears.
Currently a third of all those who're behind on their payments are in mortgage arrears of 720 days or more.
The details of the plans have yet to be finalised. However on The Sunday Show today Junior Minister Harris said he wants to include an alternative to the banks' veto on personal insolvency arrangements:
You can listen back to the full interview with Simon Harris below:
In the Spring Statement earlier this week, Finance Minister Michael Noonan said, "the Government is actively considering a range of options to strengthen the mortgage arrears framework in order to ensure that families in long term arrears can find a solution.
"The Government intends making an announcement on this issue in the coming weeks. A particular focus will be on enhancing the role of the Insolvency Service and the range of solutions that become available through an insolvency arrangement," he added.
