Noel Grealish (Galway West, Independent)
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188. To ask the Minister for Finance the number of home repossession cases taken by banks and equity funds due to mortgage arrears in the past 12 months; the number of cases which were refused; the number which were successful; and if he will make a statement on the matter. [5388/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank of Ireland ‘Residential Mortgage Arrears and Repossession Statistics’ provides information on residential mortgage arrears, residential mortgage restructures and the number of residential mortgages within the legal system. The latest available data is for quarter 3 2020 ().

In the 12 months to end-September 2020, the Central Bank advises that 1,916 new legal proceedings were issued to enforce the debt/security on a Primary Dwelling House (PDH) mortgage. Of this, 905 relate to banks and 1,011 were by non-banks. Overall, at end September 2020 a total of 7,938 PDH mortgage accounts were within the legal system.

The Central Bank also advises that, in the 12 months to end-September 2020, 1,804 legal proceedings to enforce the debt/security on a PDH mortgage were concluded. Of this, 615 related to banks and 1,189 to non-banks. Of the total legal proceedings concluded, some 447 concluded with an order for possession/sale obtained. Of these, 226 orders were to banks and 221 were to non-banks. The remaining concluded proceedings relate to cases that concluded without an order for possession/sale; this includes cases where the property was voluntary surrendered, the mortgage terms and conditions were renegotiated, cases were struck out etc.