Leitrim County Council Confirm arrangements for Home Loan MortgagePayment Break
Leitrim County Council has been notified by the Department of Housing, Planning & Local Government that arrangements are now in place for home loan borrowers who may be experiencing a reduction in their income arising from the COVID- 19 emergency and may not be able to make repayments on their loans. A Mortgage Payment Break of up to three months is now available to those who need it.
These arrangements have been put in place following a directive by Minister for Housing, Planning and Local Government, Eoghan Murphy, T.D., advising that arrangements are to be put in place to support local authority borrowers who are experiencing financial distress arising out of the COVID- 19 emergency.
A mortgage payment break means that the borrower will make no mortgage payments for up to three months. Additional interest will NOT accrue to the borrowers account during the period of the payment break ensuring that no increased cost will arise. The monthly repayment following the break will be increased to facilitate the repayment of the loan over the remainder of the existing term of the loan. This facility applies to all local authority home loan products.
Frequently Asked Questions
Additonal information on the scheme is available on the scheme at the following link: Frequently Asked Questions - Local Authority Home Loan Payment Break .
Application forms for the payment are available here: Local Authority Home Loan Mortgage Payment Break.
The completed application form should be returned by post to
The Finance Department,
Co. Leitrim. N41 PF67
Tel: 071/ 9620005 ext 354