Friday 23 March 2018

Mortgage arrears down

Q THE number of mortgages in arrears fell by 2,316 in September, according to new figures from the Department of Finance.

The total number of mortgages in arrears hit 118,438 in September, the department added. That means that 580,371 mortgages with the six biggest lenders are not in arrears.

The decline in the number of people unable to pay their mortgage comes as the economy picks up and banks reach agreements with borrowers to restructure loans.

Irish Independent

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