Arrears on the Rise

CorkHome2022 said:
From todays Indo ,
Hardly surprising given the rate hikes from the Vultures in the last 2 years .
www.independent.ie

Rise in arrears for homeowners whose mortgages owned by vulture funds

There has been a rise in the number of people whose mortgages are owned by vulture funds going into arrears.
www.independent.ie www.independent.ie
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Considering that there are almost 700,000 mortgages in the country, this is a miniscule number.
Hopefully as rates start to fall, the investment funds drop rates as quickly as they raised them
 
The stats recently on ESB bills in arrears was eye watering, especially in the context of the government throwing a fair lump of cash at every bill the last 2 winters.

I really am surprised the number in arrears by more than 90 days is not rising, perhaps the vast majority had managed to grab a good fixed rate and the bulk of those are yet to expire.
 
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