Written answers
Tuesday, 24 March 2015
Department of Finance
Mortgage Arrears Rate
Michelle Mulherin (Mayo, Fine Gael)
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284. To ask the Minister for Finance the number of homeowners and buy-to-let owners who are in long-term mortgage arrears, by county; and if he will make a statement on the matter. [11942/15]
Michael Noonan (Limerick City, Fine Gael)
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The Central Bank publish a quarterly Residential Mortgage Arrears and Repossessions statistical release which provides some information about home repossessions at a national level only, and consequently no regional breakdown is available. The last release, published on 6th March 2015, was for end-Q4 2014 and is available here:
The Q4 release shows that of the 110,366 total PDH mortgage arrears cases outstanding, 19,317 cases are in arrears between 361 and 720 days and 37,778 cases are in arrears over 720 days.
The release further shows that of the 35,583 BTL mortgage arrears cases outstanding, 6,815 cases are in arrears of between 361 to 720 days and 15,386 cases are in arrears over 720 days.
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