Written answers

Wednesday, 6 May 2015

Department of Finance

Mortgage Arrears Rate

Photo of Mick WallaceMick Wallace (Wexford, Independent)
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150. To ask the Minister for Finance the number of households in mortgage arrears in County Wexford; the number of these in arrears for over two years; over three months; since the beginning of 2015; and if he will make a statement on the matter. [17593/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed by the Central Bank of Ireland (CBI) that the CBI's Residential Mortgage Arrears and Repossession Statistics are published quarterly. The last publication was for end-Q4 2014 and is available here:.

The Residential Mortgage Arrears and Repossessions Statistics are collected from a large number of reporting institutions and are designed to capture all mortgage loans secured on properties located in the Republic of Ireland. The data are provided on a national level only, no regional breakdown is available. It is not, therefore, possible to determine the requested data on mortgage arrears levels in County Wexford.

The Deputy will be aware that the effective management of the mortgage arrears issue is, however, an area that remains under continuous review.  More and concerted action can be undertaken by the banks to assist customers in arrears and, as the Taoiseach has previously announced,  the Government is considering a range of options to support the existing framework and to improve the uptake of personal insolvency solutions.

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