25% of repossessions are subprime

Subprime lenders only account for 3% of mortgage lending but they have been responsible for up to a quarter of all home repossessions, according to figures released by the Central Bank.

Figures furnished to Fianna Fáil finance spokesperson, Micheal McGrath, show that up to one in four repossessions was carried out by a subprime lender.

The figures show that from the beginning of 2012 to the end of the third quarter of 2013 some 380 houses were repossessed. Subprime loans were involved in 93 of these cases.