Home debt crisis remains enormous, warn experts

Central Bank figures showing a slowdown in the numbers entering so-called early arrears fails to capture the huge scale of the home debt crisis, debt experts have said.

The bank said yesterday that 104,693, or about one in seven of all the 757,175 home loan accounts in the State, were failing to make some kind of monthly payment in the first quarter of the year.

That total is down from the 110,366 houseowners who were struggling to meet their mortgage payments in the final quarter of 2014.