Tackling Mortgage Arrears in County Mayo

CRC FM addresses the "forgotten arrears crisis" impacting over 400 households in County Mayo and nearly 20,000 nationally. Stephen Curtis explains how the Mortgage to Rent scheme allows distressed borrowers to transition to long-term social housing tenants of Mayo County Council.

Key Topics

• Overview of the national and local mortgage arrears crisis in County Mayo
• Step-by-step explanation of Mortgage to Rent and how it prevents eviction
• Eligibility criteria — property value under €500,000 and size considerations
• Rental payments based on income or social welfare, not outstanding debt
• Built-in option for tenants to buy back their property in the future
• Growing numbers of older adults (50s–70s) struggling with legacy debt

Resources

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