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Thursday 18 September 2014

More and more distressed mortgage holders being offered deals by banks

Published 13/02/2014 | 12:35

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The Central Bank - statistics released show people are paying back more than they are borrowing.
The Central Bank - statistics released show people are paying back more than they are borrowing.

MORE distressed mortgage holders have been offered deals on their homeloans, new figures show.

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The Department of Finance said the six main domestic banks have now offered 51,188 permanent mortgage restructuring deals to mortgage holders who are in arrears.

However, a large number of these are not in arrears.

Just one in four of those who are in arrears has agreed a permanent repayment deal with their lender.

The figures on restructuring for residential mortgages are for the end of December.

A total of 81,156 mortgage accounts are in arrears at the six main banks - AIB, Bank of Ireland, Permanent TSB, ACC, KBC Ireland and Ulster Bank.

This is a fall of 1,374 from the numbers in arrears in September, the department said.

 

 

 

 

 

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