Written answers

Tuesday, 28 February 2017

Department of Finance

Home Repossessions

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
Link to this: Individually | In context | Oireachtas source

268. To ask the Minister for Finance to set out the number of repossessions by lending agencies in the buy-to-let market that have resulted in an increase in homelessness; and if he will make a statement on the matter. [10429/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The most up to date information on repossessions published by the Central Bank is contained in their publication for quarter 3 of 2016 on Residential Mortgage Arrears and Repossessions Statistics .

There were 640 Buy-to-Let (BTL) properties in the banks' possession at the beginning of Quarter 3 of 2016.  A total of 288 properties were taken into possession by lenders during the quarter. Of the total BTL repossessions in the quarter, 148 were repossessed on foot of a Court Order, while the remaining 140 were voluntarily surrendered or abandoned. During Quarter 3 of 2016, 298 properties were disposed of. As a result, lenders were in possession of 631 BTL properties at end-September 2016.

In addition please see Central Bank Mortgage Arrears data for the period Q3 2015 to Q3 2016: .

Comments

No comments

Log in or join to post a public comment.