Share of mortgages in arrears for more than 90 days hits lowest level since 2009

In terms of legal proceedings and repossessions, just 4,615, or 11%, of mortgages in arrears are currently going through legal process

Data from the Central Bank of Ireland shows just 3.8% of mortgages were in arrears for more than 90 days. Picture: Jason Alden/Bloomberg

The proportion of homes in arrears for over 90 days has hit its lowest level since 2009, accounting for just under 4% of mortgage holders, new data from the Central Bank of Ireland shows.

According to the Central Bank, as of the end of last year, there were just shy of 700,000 private residential mortgages across the country valued at a combined €104bn. Of the total stock, 42,384 of these accounts were in arrears — a decline of 1,153 from the end of September.