Advertisement

Calls for fast-track repossessions for some empty houses

The head of the Irish Mortgage Brokers group is calling for fast-track repossessions for empty ho...
Newstalk
Newstalk

12.26 8 Nov 2015


Share this article


Calls for fast-track repossess...

Calls for fast-track repossessions for some empty houses

Newstalk
Newstalk

12.26 8 Nov 2015


Share this article


The head of the Irish Mortgage Brokers group is calling for fast-track repossessions for empty houses.

Currently 15% of all properties that are repossessed are vacant.

The statistic follows a study of 2,000 court cases where mortgage holders had been brought before a judge.

Advertisement

Karl Deeter is Head of client advice at Advisors.ie.

Speaking to The Sunday Show on Newstalk earlier, he said the number of repossessions is not as high as most people fear - but there is a problem with legal representation.

"There is actually an argument for a faster track repossession on empty houses," he suggested, "where people have left the country and things like that - and maybe a slower one for others.

"The big worry I have, is that you wouldn't spend a night in jail without legal representation - but you can lose the roof over your head without a lawyer. I think that there's a big gap in civil representation," he added.


Share this article


Read more about

News

Most Popular