Irish economy

Mortgage arrears continue to fall

  • Dec 14 2017, 00:35 GMT
  • Research Report
  • 4 page(s)

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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Dec 14 2017, 00:35 GMT

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