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.
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