Written answers

Thursday, 26 April 2018

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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67. To ask the Minister for Finance the number of split mortgages in each of the State supported banks; the number of these mortgages deemed to be performing and non-performing, respectively; the number of cases in which the borrower is adhering and not adhering, respectively, to the terms of the split mortgage agreement in tabular form; and if he will make a statement on the matter. [18529/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I have received the following response from Ptsb:

“The Bank’s forbearance information is set out on pages 204 to 206 of its 2017 Annual Report. At 2017 year-end, the Bank had 6,157 (€1,162m) Residential Split Mortgages accounts and 390 (€111m) Residential Buy-to-Let Split Mortgage accounts. As these loans are classified as impaired under Accounting convention, all of the Bank’s Split Mortgages Loans and balances are classified as Non-Performing. The Bank does not publish or make publicly available the levels of re-default on its Treated loan Books as this is considered commercially sensitive information.”

I have also received the following response from AIB:

"All disclosures on Forbearance, including Split Mortgages to December 2017, are available on pages 140 – 141 of AIB’s Annual Financial Report 2017, and are prepared in line with EBA (European Banking Authority) definitions. The 558 accounts classified as non-performing include restructured accounts which must fulfil a 12 month probationary period before moving to Performing status."

Split Mortgage

Overview
TotalPerformingNon-PerformingMeeting Terms
Number of accounts1,9661,408558Over 90%

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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68. To ask the Minister for Finance the number of split mortgages owned by unregulated loan owners; and if he will make a statement on the matter. [18530/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I have been advised by the Central Bank of Ireland that while it does collect and publish information on mortgages held by non-bank entities which includes unregulated loan owners, it does not give a breakdown in terms of how many are split mortgage arrangements.

The number of split mortgage arrangements are available for PDH and BTLs. At the end of Q4 2017, there were 27,475 PDH mortgage accounts restructured with a split mortgage arrangement. The vast majority of split mortgages arrangements were provided by banks. The figure for BTLs with split mortgage arrangements at the end of Q4 2017 was 2,058.

The Central Bank Residential Mortgage Arrears and Repossessions Statistics can be found at:

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