One in 24 unable to make mortgage repayments

ONE out of every 24 mortgage holders have been unable to make repayments on their home for more than three months.

Central Bank figures reveal that just over 32,000 of 791,000 mortgage holders, or 4% of all home loans, are in arrears for more than three months – a 13% rise on the last quarter of 2009.

The figures also reveal 21,817 mortgages are six months overdue.