Written answers
Thursday, 18 April 2013
Department of Finance
Mortgage Arrears Rate
Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance the proportion of residential mortgage holders in arrears of longer than 90 days in which one or both parties to the mortgage are classified as unemployed; and if he will make a statement on the matter. [18164/13]
Michael Noonan (Limerick City, Fine Gael)
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The Central Bank has advised me that it does not publish a breakdown of its quarterly mortgage arrears statistics in the format requested by the Deputy. However, the Deputy may wish to note that the Central Bank commissioned a survey of households with mortgage debt in 2012. The purpose of the survey is to identify any changes in the income and consumption patterns of mortgage holders since they drew down their mortgage. The Central Bank has informed me that the results of this survey are to be published in the coming months and will provide more granular analysis of the specific circumstances of indebted households.
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