The Irish government has established a free financial advice service for citizens struggling with mortgage repayments.
Ireland’s social protection minister, Joan Burton, who is a chartered accountant by profession, launched the service this week, telling the Irish Times that borrowers will now be able to consult with a panel of advisers on issues relating to their mortgage.
The panel will be made up of 2,000 available advice professionals, predominantly from the accounting profession, who will be paid a fee of 250 euros by mortgage lenders to provide advice to an individual borrower.
“This is invaluable support for those who are unsure about the proposals being put forward by their lender or who simply want the advice of an independent expert,” the minister said.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 14 Nov 2018ASIC bans financial services representativeBy Eliot Hastie
- 14 Nov 2018Fintech should make advice ‘enjoyable’By Adrian Flores
- 14 Nov 2018Hayne commission driving adviser tech shiftBy Adrian Flores
- 12 Nov 2018InvestSMART launches maxed feesBy Sarah Simpkins
- 13 Nov 2018Advice demand soaring despite reputation hitBy Adrian Flores
- 12 Nov 2018Former premier, advisers sound alarm on sex discriminationBy James Mitchell
- view all