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.

12th October, 2013
House prices in the capital, which has the highest level of demand and a low supply to meet it, have increased by almost 8 per cent in the past year.

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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago