Courts 'too lenient' in pursuing mortgage-holders in long-term arrears

The Irish Banking Culture Board was responding to new data from the Central Bank which suggested over half of mortgage holders in long-term arrears made no repayment towards their mortgage in 2020 or 2021. File Picture: iStock

Mortgage-holders in arrears for over a decade without attempting to pay back what they owe are “gaming the system”, a member of the Irish Banking Culture Board has said.

Financial advisor Padraic Kissane was responding to new data from the Central Bank which suggested over half of mortgage holders in long-term arrears made no repayment towards their mortgage in 2020 or 2021.