Oireachtas Joint and Select Committees

Thursday, 1 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Discussion with Bank of Ireland

11:50 am

Mr. Richie Boucher:

For owner-occupier mortgages, at the end of June - the numbers will have changed since then - there were 4,386 such cases. Where there was a reduced payment but still more than interest-only, where amortisation of the principal had changed, there were 1,950 cases. In 2,267 cases, the mortgage term had been extended. There were 216 various other solutions, as I tried to outline to Deputy Doherty. Those figures are for those who are not in arrears. For those in arrears, the figures are 2,579 on interest-only, 428 making a reduced payment, 176 term extensions and 120 other arrangements. The total for owner occupiers, both not in default and in default, is 6,965 on interest-only, with 2,378 making reduced payments, 2,443 term extensions and 336 other arrangements.

Based on the available information, the quantum that have moved from interest-only to other sorts of solution will have increased as a proportion of that number.

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