The Social Democrats has called for a one-stop shop for mortgage borrowers in distress.

The mechanism would provide free legal and financial advice.

At the launch of the policy document this morning, TD Stephen Donnelly said the party were also in favour of reducing the bankruptcy period for one year and ensuring that post bankruptcy people pay their earnings off their debts for a maximum of two years.

The party is calling for the courts to have the power to refuse repossession orders based on the sustainability of a proposed restructuring deal.

They also want access to the mortgage-to-rent scheme improved.

David Hall, CEO of the Irish Mortgage Holders, attended the launch and said the plans would cost €100 million to implement.

However, he said it was costing the State that amount anyway when rent supplement and other matters are taken into account.

Mr Hall also confirmed that he is not running in the general election.