Fall in number of residential mortgages in arrears
The number of residential mortgages in arrears is continuing to fall - according to new figures from the Department of Finance.
Department of Finance publishes End August Mortgage Restructures Data http://t.co/TKj2BTJkD9
— Department of Finance (@IRLDeptFinance) October 9, 2014
In the latest figures for August, homeowners in arrears for more than three months fell by 2% (1,435 accounts) at the end of August 2014 when compared to July.
There are now 69,865 mortgages in arrears of more than 90 days - compared to 593,700 not in arrears.
There has been an increase of almost 5% (3,800) in the number of permanent mortgage restructures over last month.
Total mortgage accounts in arrears (all arrears one day past due) continues to fall, decreasing by 2% (2,089 accounts) when compared to the end of July.
