40 per cent of borrowers in 'deep' arrears not engaging with banks

40 per cent of borrowers in 'deep' arrears not engaging with banks
Arrears engagement 'essential', warns Central Bank

Central Bank research has found that while the overall level of mortgage loans in arrears is decreasing, for those who are more than two years behind the problem is getting worse

Almost four out of 10 mortgage-holders in deep arrears are not engaging with their lender on restructuring their loan, according to new data published by the Central Bank today.

The research found that while the overall level of loans in arrears is decreasing, for those who are deep in arrears (classified by the the Central Bank as greater than two years) the problem is getting worse. The figures by the bank show that, as of last...

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