Written answers

Thursday, 27 June 2013

Department of Finance

Tracker Mortgage Numbers

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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100. To ask the Minister for Finance the number of mortgage holders that are on tracker mortgages and the number by institution in both absolute and as a percentage of their total mortgages. [31346/13]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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Firstly, I must confirm to the Deputy that lending institutions in Ireland, including those in which the State has a significant shareholding, are independent commercial entities. It is not appropriate for me, as Minister for Finance, to comment on or become involved in the detailed mortgage position of mortgage holders. I have been advised by the Central Bank that there are no statistics available regarding the number of tracker mortgage customers or a breakdown by institution. However, the total outstanding balance of tracker mortgages on the balance sheet of Irish resident credit institutions is €42,168 million. There is a further €25,212 million in securitised tracker mortgages.

I would refer the Deputy to the Central Banks website which contains detailed information and statistics on residential mortgage arrears and other relevant information.


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