Nearly 12 percent of residential mortgages are now in arrears, according to new figures.
The Central Bank data shows that a thousand home-owners a month are falling into arrears – however the rate of increase is beginning to slow.
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The Central Bank says just over 94-thousand mortgages held by owner occupiers were in arrears at the end of December, that’s up by over 3-thousand from last September.
The figures show that 11.9 percent of residential mortgages are in arrears, while almost 19 percent of buy-to-let property owners are in trouble.
Secretary General of the Department of Finance John Moran said his department is expecting more repossessions in the coming year.
