Friday 30 January 2015

More and more distressed mortgage holders being offered deals by banks

Published 13/02/2014 | 12:35

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.

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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