Number of mortgages in arrears continuing to fall

The number of mortgages in arrears is continuing to fall. central bank 136 thousand 564 accounts or 17 point nine per cent of the total number – were in some form of arrears at the end of last year. It compares to a level of 18 point four per cent at the end of the third quarter of 2013. New figures from the Central Bank show that mortgages in arrears of less than 90 days fell by five point seven per cent. Accounts behind in repayments by more than 90 days dropped by two point three per cent – the first such fall since September 2009. However the number of mortgages in very long term arrears – over 720 days – increased buy more than 1,700.

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