Bank of Ireland reports improving mortgage situation

Bank of Ireland said today that it has seen a slowdown in the rate of homeowners falling behind in mortgage payments.

Bank of Ireland reports improving mortgage situation
Tue, 13 Nov, 2012 - 09:34

Bank of Ireland said today that it has seen a slowdown in the rate of homeowners falling behind in mortgage payments.

In a statement this morning, management said that they have continued to formally restructure and modify a significant number of homeloans "on a sustainable basis".

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<p>Nearly two thirds, 62%, of Gen Z respondents in Ireland said the cannot afford a home, significantly higher than the global average of 51% for this demographic of Gen Zs. Similarly, millennials in Ireland are also finding it harder to afford a home compared to the survey’s average, 49% to 40%. File picture</p>

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