Mortgage arrears ‘to rise by 10%’

MORTGAGE arrears are expected to have increased by 10% when new data is released this week.

Analysts said that in the last quarter those in arrears for more than 90 days could have risen to over 35,000 from 32,000 in March, which would put accounts in arrears at 4.5%, up from 4.1%.

The data is expected to be released by the Central Bank and the Financial Regulator this week.