My only comments re the tax issue would be that irrespective of our mortgage interest we would still have to pay tax so while it makes our pain even worse that is not something we can do anything about. It's not as though we would have paid less tax if we paid less interest or didn't use money for a deposit. My heart sincerely goes out to those who suffered ill health, marital issues etc (on a lighter note it certainly made me realise how wise my now spouse is with their very cheap tracker, whether or not it influenced me to marry them is another matter!). We must also remember that it is possible that among the repossession cases could be strategic defaulters who e.g. pocketed rent and who could still get the same €25k on RIPs, that makes the whole redress scheme even worse for the genuine people. Blanket compensation levels never works.