Brendan Burgess
Founder
- Messages
- 52,144
[broken link removed]
The Central Bank today (21 June 2013) publishes the latest data on mortgage arrears, repossessions and restructures for the period ending March 2013. The main points are as follows:
The Central Bank today (21 June 2013) publishes the latest data on mortgage arrears, repossessions and restructures for the period ending March 2013. The main points are as follows:
- There were 95,554 (12.3 per cent) private residential mortgage accounts for principal dwelling houses (PDH) in arrears of over 90 days at end-March 2013, up from 92,349 accounts (11.9 per cent) at end-December 2012.
- The number of PDH accounts in longer-term arrears over 180 days increased by 4.8 per cent in Q1 relative to Q4, while quarter-on-quarter growth in the number of accounts in arrears over 720 days was 12 per cent.
- The number of PDH accounts in early arrears fell marginally during the first quarter of the year. The figures show that 46,564 PDH accounts were in arrears of less than 90 days at end-March, reflecting a quarter-on-quarter decline of 0.7 per cent.
- There was a total stock of 79,689 PDH mortgage accounts classified as restructured at end-March. New data collected this quarter indicate that 76 per cent of these are deemed to be meeting the terms of their restructure arrangement.
- There were 29,369 (19.7 per cent) residential mortgage accounts for buy-to-let (BTL) properties in arrears of over 90 days at end-March 2013, up from 28,366 (18.9 per cent) at end-December 2012.