Just over one third of mortgage holders in arrears are doing deals to extend their home loans with the banks, new figures from the Department of Finance show.
Of those mortgages in arrears, 35pc are term extensions but only 22pc are interest only and 6pc split mortgages.
The figures, which cover 90pc of all mortgages, show that of the 1.9m principle private dwellings in the country, just under 700,000 of these are under mortgage to the six main banks.
A breakdown of these shows that the majority, or 83pc, are performing and not in arrears.
The top six banks have negotiated with homeowners to restructure just over 71,000 mortgages with 41,236 of these restructured permanently.