Mortgages - maze or morass?
Mortgage lending is at a 40-year low, and getting a mortgage is increasingly difficult. However, there are upsides for buyers with realistic expectations.
The latest quarterly statistics of mortgage arrears revealed by the Central Bank show that more than €6 billion in mortgages on private homes are in arrears of two years or more.
The total number of mortgage arrears in the country had almost quadrupled in less than four years to almost €20 billion by June this year. One in five home loans has been in arrears for more than three months.
These jarring figures have the...
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