Mortgage arrears to show 'a spike' when  24,000 struggling to pay are accounted for

Central Bank figures show there were 55,448 mortgage accounts facing some sort of arrears at the end of September, down from the June quarter and from September 2019.

New Central Bank figures released on Thursday on the number of households facing mortgage arrears will inevitably show "a spike" when many of the 24,000 borrowers currently struggling to pay their home loans after the end of the Covid-19 payment breaks show up in the statistics, a leading broker has predicted. 

The Central Bank figures show there were 55,448 mortgage accounts facing some sort of arrears at the end of September, down from the June quarter and from September 2019.