65,000 home loans not paid in 6 months

More than 65,000 households have failed to make a mortgage repayment in at least six months, with figures from the Central Bank showing the extent of the problem continues to escalate.

65,000 home loans  not paid in 6 months

There are now about 128,000 residential mortgages behind in repayments. However, the scale of the debt crisis is far greater, with the Central Bank currently collating the number of buy-to-let mortgages that are also in trouble. Davy Stockbrokers estimates that arrears in this sector could be as high as 38%.

An analysis of the figures to the end of June show:

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