More Irish banks will begin writing down debts of their troubled mortgage holders, following AIB’s introduction of a limited split mortgage scheme according to ratings agency Fitch.

THE number of mortgage holders falling into arrears is set to increase further, says international credit rating agency, Fitch.

INTERNATIONAL credit ratings agency, Fitch Ratings has warned of “further downside risks” to Irish house prices; adding that prices could ultimately fall by 67% from peak levels in a worst-case scenario.