The research on MARP involved face to face interviews with 209 individuals who engaged with the MARP. The cynic in me Brendan thinks the 209 were carefully selected. Howmany
mortgages are in marp ? 209 seems like a small percentage of all marp participants past and present.Sounds like spin to me.
Hi G
It's not a survey of the general public, where you can identify 1,000 people easily enough.
They interviewed 209 people.
73% were positive.
Given the general nature of the finding, that seems a pretty good indicator to me.
Would you prefer a survey based on the experience of New Beginnings? They are quoted all the time, but they are dealing with people who presumably are unhappy with the outcome of their discussions so far.
Most people I have spoken to got a good result from the MARP. Why wouldn't they - it's a good scheme.
Most peole in difficulty will recover in the medium term given time.
The banks, borrowers, government and Central Bank have all fallen down badly when it comes to dealing with unsustainable mortgages.
But those who can benefit from MARP have had a good experience and this research backs it up.