Third of mortgage holders face repayment difficulties

THE holders of up to a third of the country’s estimated 800,000 residential mortgages could be facing significant difficulties in meeting their home loan repayments, if the results of a survey are replicated nationwide.

Of the 1,000 people questioned about their mortgages by Amárach Research last week, 33% said their repayments are either “causing them some concern” or “are a real problem right now”.

Furthermore, 40% of the 1,000 respondents admitted they believe within 12 months, their mortgage repayments will be either “a source of greater concern” or a “real problem”.