There’s been a rise in the number of mortgages in arrears.
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New figures from the Central Bank show that almost 78 thousand mortgages were in arrears for more than 90 days at the end of March – compared with almost 71 thousand at the end of December.
That’s over 10 per cent of all mortgages – almost 8 per cent of these are in arrears for more than 180 days.
The number of repossessions increased by 28 per cent in the first three months of the year – to 961 properties.
