Number of mortgage-holders beyond help still growing

The rate of mortgage arrears formation may be slowing, but the cohort of borrowers beyond help is growing, according to Central Bank figures released last week.

10th March, 2013

The rate of mortgage arrears formation may be slowing, but the cohort of borrowers beyond help is growing.

According to Central Bank figures released last week, 11.9 per cent of loans on principal dwellings were at least 90 days behind on payments in December.

This was a rise from 11.3 per cent three months earlier.

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