The number of homeowners in mortgage arrears of over three months has fallen for the first time since records began in September 2009, according to the latest figures released by the Central Bank. However, the number of homeowners in long-term arrears of over two years has increased. This rise in long-term arrears cases highlights the growing need for sustainable long-term solutions.
Lenders are moving away from temporary restructurings, such as interest-only arrangements and reduced payment arrangements...
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