Michael McGrath (Cork South Central, Fianna Fail)
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308. To ask the Minister for Finance the number of mortgages still held by IBRC in special liquidation; the proportion which are residential mortgages and buy to let respectively; the arrears rate; and if he will make a statement on the matter. [41475/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Special Liquidators that there are 6,219 residential mortgage accounts still held by Irish Bank Resolution Corporation Limited (in Special Liquidation). Of these, 5,839 (94%) relate to owner occupier properties and 380 (6%) relate to residential investment/buy to let properties.

I am further advised that of the 6,219 residential mortgage accounts still held by Irish Bank Resolution Corporation Limited (in Special Liquidation), that:

-9% of the owner occupier mortgages are in arrears (greater than 90 days).

-39% of the residential investment/buy to let properties are in arrears (greater than 90 days).