High level of long-term home arrears

The number of people facing long-term arrears on their mortgages remains “surprisingly” high despite strong economic growth, a leading housing debt expert has said, wrties Eamon Quinn.

Paul Joyce, senior policy at the Free Legal Advice Centres (Flac) welcomed Central Bank figures which showed all categories of arrears — including early arrears of up to 90 days and long term arrears had fallen.