Mortgage debt fell by €745m in first quarter

18th June, 2015
Outstanding mortgage debt stood at €77.6bn at the end of the quarter

The value of outstanding home loans fell by €745 million during the first quarter of the year, according to the latest quarterly figures from the Central Bank.

The figures show that the value of outstanding residential mortgage debt was €77.6 billion at the end of March. Mortgage debt was down 1 per cent on the previous quarter.

The bank said 47 per cent of home loans were tracker mortgages, while 43 per cent were standard variable...

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