Mortgage arrears cases rise by 20,000 per annum

Cases of mortgage arrears are increasing at a rate of 20,000 per year, new figures from the Central Bank published tomorrow will show.

27th August, 2011
Mortgage arrears cases rise by 20,000 per annum
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Cases of mortgage arrears are increasing at a rate of 20,000 per year, new figures from the Central Bank published tomorrow will show.

The number of delinquent borrowers in the Irish mortgage market has shot up by 10 per cent in the last three months, bringing the total number of cases to around 55,000.This does not include borrowers who are no longer in arrears having already had their loans restructured by their bank.

The new figures will...

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