Sub-prime mortgages still in their infancy in Ireland

Ireland’s love affair with personal debt has been well documented and much bemoaned, with figures from the Central Bank revealing that Ireland’s personal loans stood at €169.8billion.

3rd June, 2006

Ireland’s love affair with personal debt has been well documented and much bemoaned, with figures from the Central Bank revealing that Ireland’s personal loans stood at €169.8billion.

However, what has been less well documented is the obvious offspring of this dangerous infatuation - hordes of young people applying for mortgages when they are already up to their tonsils in personal debt and may have missed a payment or two along...

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