herald

Thursday 16 August 2018

Mortgage woes persist

arrears

THE number of people who are now a year or more behind on their mortgage repayments has risen.

The increase is despite a fall-off in the numbers getting into arrears for the first time.

Some 61,000 residential mortgage accounts are now in arrears for a year or more, fresh figures from the Central Bank show. And there has been a rise in the numbers who are two years or more in arrears. The bad news on long-term arrears masks an improvement in the numbers who are three months or more behind on their payments - the key indicator of arrears.

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