The Central Bank says the high level of non-performing loans held by financial institutions poses a risk to the Irish economy.
44 per cent of loans in long-term arrears are now over five years past their due date.
The Bank’s concerned that four out of ten borrowers in long-term arrears haven’t engaged at all with their lender.
It says where mortgage holders engage with their banks there are mostly positive outcomes.
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To remind us of the ways that mortgage holders can get support, Elaine Clifford of Clare MABS joined Gavin live on air to give some crucial and helpful advice.
