75% of mortgages in arrears for over 90 days not restructured

Almost three quarters of householders whose mortgages are more than 90 days in arrears have not had them restructured, the Department of Finance has confirmed.

Of the 79,782 mortgages that were more than 90 days in arrears in December 2013, only 13,985, or 18%, had been permanently restructured. Of the rest, 6,571, or 8%, had been temporarily restructured and 59,226, or 74%, had not been restructured.

The figures are based on an analysis of mortgages for principal homes at the six main banks — AIB, Bank of Ireland, Ulster Bank, KBC, ACC, and Permanent TSB.