58% of sub-prime loans in arrears over 90 days

[Brendan Burgess]

This information was given by Minister Noonan in response to a Dáil question by Michael McGrath

http://www.kildarestreet.com/wrans/?id=2014-01-21a.185

Primary Dwelling Mortgages

Number of Accounts| 17,807 |
Estimated number of homes| 15,000| See below
Total value |€3.3bn
In arrears over 90 days |€1.9bn|58%

For the main banks, there are around 1.2 accounts per home. I assume it's the same for the sub-prime lenders.

Buy to lets

Number of Accounts| 659 |
Total value |€132m
In arrears over 90 days |€50m|38%

It's odd that the arrears rate on buy to lets is lower than the rate on home loans.


How do these compare with the non sub-prime lenders?

|sub-prime| main banks| total
Number of Accounts| 17,807 |750,329|768,136
Total value |€3.3bn |€105.2bn|€108.5bn
In arrears over 90 days |€1.9bn|€17bn|€18.9bn
|58%|16%|17.5%