Saturday, 1st March, 2025

Banks must offer financial support to mica homeowners - Markey

OceanFM Ireland -
Banks must offer financial support to mica homeowners - Markey

Ireland's three main banks must offer financial support to mica homeowners, according to a Midlands North West MEP.

 

It comes as Bank of Ireland, AIB and Permanent TSB are willing to offer millions of euro in zero-interest loans to those trying to rebuild their homes, according to reports in the Business Post.

 

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It's in order to bridge the gap in financing, as the State's 3 billion euro redress scheme can only be accessed in stages.

 

But there's scepticism among mica campaign groups about whether the banks will actually follow through with the proposal.

 

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Fine Gael MEP Colm Markey says they must: