Number of those in mortgage arrears falls below 100,000

THERE has been a fall in the number of homeowners who are in some form of arrears on their homes.

The number who are even a day late with their payments has dropped below 100,000 for the first time in more than a year, figures from the Department of Finance this morning show. There are now 96,000 mortgage accounts in some form of arrears at the main banks.

When it comes to those who are three months or more in arrears, the numbers fell below 68,000 in September, a fall of 2,000 compared with August.

The figures are for the six main lenders – AIB, Bank of Ireland, Ulster Bank, Permanent TSB, KBC Bank and ACC.

Banks have restructured the payments on 15,000 mortgage accounts for those who are three months or more in arrears.

But 71pc, or more than 48,000 mortgages, have still to be restructured by the banks.

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