Since March Irish banks have granted mortgage holders the option of taking a mortgage payment break for a period of up to three months.
With many now in dire financial straits as a result of Covid-19, an extended break of six months has also been made available to those who need it.
However, those who choose to avail of the extended break could potentially add hundreds if not thousands of euro in interest to their mortgage repayments down the line.
Our Head of Communications at bonkers.ie, Daragh Cassidy, was on The Morning Mix on South East Radio to discuss what the extended moratorium on mortgage payments could end up costing households.
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