Connect with us

coronavirus

Irish mortgages arrears steady as COVID-19 payment breaks near end

SHARE:

Published

6 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The number of Irish homeowners in arrears for more than 90 days was steady at 5.6% at the end of June, data showed on Monday (28 September) as repayment breaks aimed at keeping mortgage holders from falling into arrears due to the COVID-19 crisis begin to come to an end, writes Padraic Halpin.

Irish banks provided 89,000 repayment breaks of up to six months since March, 43,000 of which were still in place last month. Just over 41,000 customers were classified as being in arrears over 90 days at the end of June, Monday’s central bank data showed.

Most of the accounts in arrears date back to the financial crisis a decade ago, with 9,591 accounts overdue by between 2 and 5 years, 11,936 in arrears by between 5 and 10 years and 4,701 behind in their payments for more than 10 years.

Share this article:

Share this:
Related Topics:
Guest Contributor - Opinion

Opinions expressed are purely those of the author and not endorsed by EU Reporter. The article was unsolicited by EU Reporter, and the author guarantees the truthfulness of the contents of the article. No payment was made by EU Reporter to the author

EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending