Friday 24 February 2017

36,000 three months in mortgage arrears

More than 36,000 mortgage accounts are three months behind in payments, the banking watchdog revealed today.

The failing home loans - up about 4,500 - are worth a total of €6.9bn, the Financial Regulator said.

Its latest report showed 36,438 households were 90 days or more in arrears at the end of June with 24,797 of these 180 days behind with payments.

This compared to 32,321 in arrears for more than 90 days at the end of March.

The quarterly report also revealed that 387 homes were repossessed in the year to the end of June.

Press Association

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