A SPLIT HAS emerged in how two of the main banks view unpaid mortgage debt.

Yesterday, AIB confirmed that it may be prepared to write off portions of loans which borrowers are genuinely unable to repay, in return for taking a share in the home. However, Bank of Ireland said this morning that such a debt forgiveness scheme was not an option – indicating that it would be unfair on those who are repaying their loans.

What do you think? Should banks consider some kind of debt forgiveness, even if it means taxpayers end up footing the bill again? Or should borrowers simply lose their homes if they can’t repay their mortgages?

Have your say: should banks write off unpaid mortgage debt?

Poll Results:

No: in no circumstances (400)

Yes: only if it's for all borrowers (342)

Yes: in extreme cases (287)

I don't know (71)

Yes: in extreme cases
Yes: only if it's for all borrowers
No: in no circumstances
I don't know

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

Support us Learn More

Poll: Should banks write off unpaid mortgage debt?

Poll Results:

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.