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Dublin: 3°C Thursday 20 January 2022

Jump in Irish mortgage arrears - Moody's

Some 60,000 homeowners are now three or more months behind on their repayments.

File photo
File photo
Image: SCOTT HEPPELL/AP/Press Association Images

SIXTY-THOUSAND IRISH homeowners are now behind on their mortgage repayments, according to the ratings agency Moody’s.

Data released by the agency shows that almost eight per cent of the mortgages that have been sold to investors are now more than 90 days behind in payments. This equates to 60,000 homeowners across the country.

Moody’s April figures represent a jump from 6.65 per cent in February, meaning that an additional 8,000 mortgage holders fell behind in their payments in that time, according to the Irish Independent.

Last month the Central Bank released figures which showed that almost 50,000 homeowners were in arrears on their mortgages, and advised those who are struggling to contact their lenders as soon as possible in order to agree a solution.

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