Central Bank study looks at home arrears

Lenders are more willing to strike new permanent deals with troubled mortgage borrowers, if they are less distressed in the first place, Central Bank research has shown.

The research by Christian Danne and Anne McGuinness set out to determine the circumstances in which lenders strike deals with distressed home loan borrowers.

The latest figures on mortgage arrears for the end of March showed 85,989, or 11% of residential home loan accounts were in arrears.