Mortgages in arrears drop to the lowest levels since 2009 

Data shows 27 home repossessions took place in the second quarter

The Central Bank also reported a significant drop in the number of arrears on buy-to-let mortgages, falling 29% over the past year

The number of mortgages in arrears continues to drop, falling to the lowest level since 2009.

New data from the Central Bank shows mortgages on principal dwellings in arrears for more than 90 days stood at 24,583 at the end of June. This represents 3.5% of all such mortgages outstanding, representing a 13% annual drop compared to the same period last year. The figures show 75% of accounts in arrears are held by non-bank lenders.