Michael McGrath (Cork South Central, Fianna Fail)
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Question 147: To ask the Minister for Finance if he will provide details of the number of residential mortgages which relate to investment properties or non-principal private residences; the number of such mortgages in arrears of 90 days or more; and if he will make a statement on the matter. [27141/11]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Central Bank that:-

the outstanding amount of on-balance sheet loans for buy-to-let properties was €24.5 billion at the end of June 2011, accounting for 25% of loans for house purchase. There was a decline of €58 million in these loans during the three month period ending on 30 June 2011,

loans for holiday homes/second homes accounted for 1.1% of on-balance sheet loans for house purchases at end-June 2011.

I have been informed by the Central Bank that their arrears and repossession statistics relate only to mortgages on principal private residences.

The Deputy might also find useful the Central Bank's information release dated 23 September 2011 entitled "Trends in Personal Credit and Deposits:Q2 2011" . This document is available on the Central Bank's website: www.centralbank.ie.