Number of mortgages in arrears dips below 100,000

The number of principal dwelling mortgages in arrears has dipped below the 100,000 mark for the first time since the Department of Finance’s Mortgage Restructures Data series began.

At the end of September, there was an increase of over 4,100 permanent mortgage restructures over the previous month.

Almost 16,000 mortgage holders have now had the term of their home loan extended, making it the third most common method of restructuring.