11,000 fewer mortgages in arrears

Almost 70% of mortgage holders behind on their repayments were more than 90 days in arrears at the end of August despite recent improvements, Central Bank figures reveal.

The bank’s monthly report shows 11,000 fewer mortgage holders were in arrears at the end of August compared to six months previously. Still, 69,865 of the 100,100 primary dwelling mortgages were in arrears of 90 days or more.

On a monthly basis, 2,000 fewer mortgages were in arrears at the end of August than July, down from 102,221.