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COVID-19 – Mortgage Payment Break for Local Authority Borrowers

COVID-19 – Mortgage Payment Break for Local Authority Borrowers

Minister for Housing, Planning and Local Government, Mr. Eoghan Murphy, T.D., has confirmed that forbearance arrangements have now been put in place to support local authority borrowers who are experiencing financial distress arising out of the COVID-19 emergency.

Galway City Council loan customers can apply for a Mortgage Payment Break of up to three months, under the COVID-19 emergency measures, if they have experienced a reduction (or anticipate suffering a reduction) in income arising from the COVID-19 emergency, and will be unable to make repayments on their home loan.

The mortgage payment break is also open to Galway City Council borrowers who are currently in arrears and further impacted by Covid-19.  In this case borrowers must be currently engaging with Galway City Council in relation to their arrears and complying with relevant conditions already set.

Customers who wish to avail of Mortgage Payment Break must complete an Application Form and return by email to the Debt Management Unit  or by post to Loans Section, Debt Management Unit, Finance Department, Galway City Council, City Hall, College Road, Galway.

Ministerial Circular, Application Form together with FAQ’s are available at the below links:

Circular 9 2020 - Local Authority Mortgage Payment Break.pdf

Galway City Council Mortgage Payment Break - Application Form (01).docx

FAQ Mortgage Payment Break.pdf