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THERE ARE NOW over 97,000 mortgages in arrears of over 90 days across Ireland, the Central Bank has revealed.
The quarterly figures on arrears and repossessions from the Central Bank show that up until the end of June there were 97,874 mortgage accounts in arrears, up 2,320 on the figures to the end of March.
That number represents 12.7 per cent of the total mortgage book in Ireland. In total, 142,892 mortgage holders are in arrears in Ireland.
The total amount owed to lenders by those in arrears of any period is over €2 billion.
Longer term arrears over 180 days have also increased, by 3.4 per cent, to 28,303. Those in arrears over the two-year mark now account for more than half the outstanding balance, with the 28,860 accounts owing over €1.1 billion.
During the period, 63 homes were repossessed and 160 were surrendered or abandoned. 133 of those were subsequently sold.
There was some good news in the area of early arrears, as the number of people in arrears less than 90 days declined 3.3 per cent to 45,018.
There are now 30,326 buy-to-let mortgages in arrears, a rise of 0.7 per cent.
Over 79,000 mortgages were classed as restructured, though just 309 of those are split mortgages and 136 have deferred interest. Just 254 accounts have had a permanent interest reduction.
Cut the ridiculous salaries!
Fully agree… What other broadcaster on this island would pay some of those inflated salaries?
How come TV3 can operate without any licence fee? I think their programs are getting better and they are doing it without the licence fee. Where is the licence fee money going in RTE? Fair Poxy City and towards the Plank, Tubs, doom duffys etc salaries?
As far as I can remember TV3 getting some money from the licence fee. The money that goes to BAI for the Sound a Vision fund, TV3 is getting some of that for its documentaries.
Gee imagine a state funded megalith actually expected to operate in budget noooo waaay : )
Heres what I dont understand.
Pat Kenny, paid in excess of 500k. Personally I like listening to his show the odd time and I think he’s a master of his craft with regard interrogation of politicians ala Frontline (we’ll take as a given the Late Late was a disaster for the chap).
That said, his salary is sickeningly enourmous. I always ask the question, what if his contract was not renewed by RTE? (yes he’s a contractor and not an RTE employee). What would he do, Get snapped up by the competition? TV3 is just about keeping it’s head above water.
Anyone would think RTE beleive they’d lose ‘talent’ if they didnt offer the ridiculous salaries they do.
That’s an absolute disgrace!
If they had good programmes on the station but the fact that they don’t.
RTE should be brought to its over paid knees, however it won’t be. It’s a public broadcaster full of overpaid, unionised wasters. It’s the HSE of media. And sending Pet Rabbitte in to tackle it is like pitting Thomas the Tank Engine against Percy or Emily or Gordon. The choo choo gravy train continues…..
Comment if the week!! +1
Sell it off,there’s a fool out there somewhere.
What a novel idea, the tax payer must get value for money. Any chance of applying that pronciple to other government departments and agencies?
I would like to put Rabbitte up for a “Stateing the bleedin’ obvious award”. Of course the BBC has vastly more resources than RTE. It serves 16 times the population, and, as an international news gatherer and broadcaster is able to generate substantial sums from overseas sales.
Execute fair city.
It’s a national embarrassment.
How about the max salary at RTE is capped at €100,000. If they don’t like it they can go to England and get a job there.
Apparently staff (middle management) at RTE have taken a 5% pay cut over the last few years. Did they even notice it? They don’t live in the real world.
I used to like Pat Rabbitte.
He was always witty and and outspoken .
and now he is only a shadow of himself. I would love to know what
is really going on and what these ministers are being told to keep them
quiet and toeing the line.
But Pat you have sadly lost your ability to stand for the people …
Shame.
cheer up eileen, only 30 years to wait and we’ll all be able to read all about it in the papers.
mind you, we’ll have to get our grandchildren to translate it from the German that it’ll be written in if we keep goin along the present course!!
Increase the licence fee to clear the deficit, and add a bit more for the RTE Chrimbo party!
Abolish the licence fee!!!
Total agree.The only way that we can get the irish tv stations is through sky we live in the republic and we pay our licence for what service
The sicken thing about these salaries is that because these people as not employees of rte and most set up as companies they pay very little tax.
At least if pat Kenny and all the others paid and prsi we’d get a fair slice back
are you serious?!?!?!?!?!
these guys don’t pay PAYE on all that dosh? it goes to “Pat the Plank plc.” or whatever???
call me gullible, but that’s a new low if it’s true!!
I think the pay is to high in fact I think we should look at creating a new generation of tv channels in Ireland. We should have a channel for each one of the provinces and split the rte budgets and reduce the salaries. That way we would create new talent and get more people working. It would also be much more democratic.
Leinster tv (LTV)
Munster tv (MTV
Connaught tv (CTV)
Ulster tv1 (UTV1) including all counties of ulster
I also think that the BBC need to be taken to task for discriminating against the republic in their weather reports considering they are using the term British isles.
In fact they should be including all countries of the British isles including Ireland north and south.
Otherwise they should give the weather for the UK and northern Ireland only.
However that might be a dangerous game considering Scotland might take flight then they would only have to include the weather for England Wales and northern Ireland.
The 2006 census shows that there are 112548 British citizens living in Republic of Ireland I wonder what they think of a missing Dublin Cork Galway etc.
We on the other hand could show we are the better man by giving the weather report for the UK & Ireland lol.
Also we should have our tv signals connected with the European satellite programme so when we are on holiday in Spain or wherever we can watch the home channels how bloody difficult would this be.
Watching the weather forecast for Northern Ireland is like watching the forecast for your back garden. It’s so small.
One solution is to stop paying above and beyond for crap US series that are shown at 3am. Reduce the salaries of our “stars”. They arent going anywhere. Who’d employ them. Scrap Fairly Shitty. Scrap all non-essential programming and radio expenses. Hire someone with a huge stick!
oops,, their’s pat kenny’s 500+ gone,, and ryan tubby’s too,, about bloody time
if tv3 can survive so can rte,just cut the stupid salaries.
Call me cynical, but I foresee a lot of good publicity coming the Government’s way from RTE.
There is no such thing as a TV licence it is an RTE TAX,1.6million people pay it not because they want to but because they have to or they will end up in court fined or jailed,I blame the people for paying it get a million people on the streets demanding the government abolish it or reduce the Fee if RTE don’t produce decent programming but patetically it won’t happen RTE=GOVERNMENT GOVERNMENT=RTE the deficit is 25million and the evasion cost due to non payment is 30million hahahahahaha what a coincidence give Pet Rabbite an IFTA,have to go now The ANGELUS is about to start Ding Dong Ding Dong Ding Dong
Sell it or make it subscription based.
In my opinion the licence should be abolished and pay per view system be brought in.
Ladies and Gentleman when you dip your hands into your pockets to pay 160euro for this think of your Esb gas home insurance and more importantly health insurance,imagine your health insurance premiums are going up but you lose 160euro to an rte tax which u are forced to pay with a threat of a custodial sentence hanging over you so you have to drop your health insurance or reduce your health plan,its the one tax I hate,FUCKING PRIVATISE RTE Its a parasitic organization bleeding the taxpayers dry and losing money,ill be delighted to see the back of it
Sell 2fm for a start
No Chris sell the whole damn thing not just 2FM
BBC news breaking news
4.5million dead in Ireland
England discovered her neighbours were all dead this morning when she called in to see why things have been so quiet recently no moaning no whining from ireland.
After sending in a state pathologist it was discovered the 4.5 million dead had naturally all died of boredom watching fairly shitty. Lol
have your say