Central Bank figures show Irish mortgage arrears remains in ‘crisis’

The large number of Irish mortgage arrears still represents a “crisis”, Central Bank figures and new research published yesterday starkly showed, even as the number of people in arrears reduced.

Mortgage accounts in any type of arrears on the main home fell to 92,291 at the end of September, down by 5,864 from the previous quarter. Arrears of over 90 days also fell, to 65,584, and the number of long term arrears — of over 720 days — also fell, for the first time.

There were 37,269 accounts in arrears for over 720 days at the end of September.