Councils face €355m mortgage arrears headache
Local authority mortgage arrears are in decline, but one in three are still overdue
Local authority mortgage arrears are continuing to decline, but roughly one in three mortgages on the books of Ireland’s city and county councils remains in arrears, according to new figures.
Close to 18,400 people have a local authority mortgage, with 5,375 of these in arrears for more than 90 days, according to the latest figures from the Department of the Environment, Community and Local Government. This represents a drop of about 550 year-on-year...
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