PTSB cautious about legal warning figures

Permanent TSB has said it cannot estimate how many of 1,600 mortgage customers, who have received legal warnings from the bank over their arrears, risk having their homes repossessed.

The struggling bank — which is 99% owned by the State — revealed that 2,000 mortgage defaulters had already voluntarily agreed to the repossession or sale of their property.

PTSB bankers told the Oireachtas Finance Committee that 25,219 mortgage holders were more than 90 days in arrears at the end of last March.