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Tue 11 Nov 2009Mortgage holders get reprieve
Home owners who fall behind in their mortgage repayments but who "remain engaged" with their mortgage provider will be given six months' grace before legal action is taken, the Irish Banking Federation said today.
The federation published a "statement of intent" this morning that it described as "a further reassurance" to homeowners who find themselves unable to maintain mortgage repayments on their principal private residence.
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