Davy Research

Irish economy

Mortgage arrears continue to fall

DAVY VIEW

Today’s mortgage arrears data from the Central Bank show that the number of problem loans continues to fall. In Q3 2017, 90-day arrears fell to 6.9% of the outstanding stock of owner-occupier loans and 15.1% of buy-to-let (BTL) loans. Nonetheless, long-term arrears remain a problem, with the loan level showing that 20% of mortgage arrears cases are now at least five years behind on their payments.

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