More than four family homes being repossessed every day

More than four family homes are being repossessed every day, stark figures from the Central Bank have revealed.

Now debt experts and opposition politicians have called on the Government and the Central Bank for new action as the latest mortgage arrears figures show a huge number of households still face marked distress, amid fears ordinary homeowners will increasingly be left at the mercy of so-called vulture funds.

Figures covering three months to the end of September showed 421 struggling homeowners either volunteered or were forced to hand over the keys to the properties.