People who take mortgage payment breaks could end up paying back thousands

Borrowers who take a mortgage payment break are being warned they could end up having to pay back thousands of euro extra in interest.

Bonkers.ie says taking a six-month break being offered by banks could cost some customers more than €4,000.

Covid-19 has resulted in hundreds of thousands of mortgage holders being either laid off work or having their pay cut.

Darragh Cassidy, from the price-comparison website, says people need to be aware of costs linked to the payment break.