Government scheme enabled 80% of borrowers in arrears to stay living in home

Abhaile services include financial and legal analysis and advice, accountancy support, insolvency advice, identification and negotiation of mortgage debt solutions and support in court in repossession hearings. Picture: iStock

Four out of five households who availed of the Government’s mortgage arrears support service have remained living in their homes, figures show.

A new report shows that at the end of last year, 80% of households which faced losing their homes due to arrears had managed to stay in their properties as a result of their engagement with the State-funded Mortgage Arrears Resolution Service known as Abhaile, down from 82% at the end of 2019.