Courts will have to take a detailed look at all the circumstances in cases where lenders are seeking a possession order on a person's home, under proposals approved by Cabinet today.

The Land and Conveyancing Law Reform Bill was first put forward by Minister of State Kevin ‘Boxer’ Moran as a Private Members’ Bill.

Minister for Justice Charlie Flanagan has now secured Cabinet approval to draft the legislation.

The move is in line with the Government's aim of supporting distressed borrowers in mortgage arrears and to keep them in their homes wherever possible.

The Bill means that courts would have to take into account the circumstances of the borrower and their dependents.

Any proposals put forward by the borrower to remain in the home would also have to be considered.

And the courts would have to look at a lender’s reluctance to engage in attempts to resolve mortgage arrears issues.

Equally a borrower’s refusal to engage meaningfully with the lender would be examined too by the courts under this legislation.