90,000 may face mortgage arrears

CLOSE to 90,000 mortgage holders are likely to be having difficulty paying their mortgage, according to brokers.

Many said they are encountering a growing number of homeowners who say they are experiencing problems paying their bills, including their mortgage, despite interest rates remaining at historic lows.

Recently released figures from the Financial Regulator showed 28,600 homeowners are now in arrears and have been unable to pay their mortgage for three months or more.