Around 12% Of All Mortgages Are In Distress.

Tuesday, 13 July 2021 11:53

That's according to the Central Bank.

Around one in eight mortgages are in some form of financial distress, according to the Deputy Governor of the Central Bank.

Ed Sibley revealed this impacts around 95 thousand mortgages, in a speech to the Banking and Payments Federation.

It means there is a shortfall in repaying the balance of the loan at the end of its term.

Central Bank says lenders need to come up with more ‘extensive or ambitious’ solutions https://t.co/qEIQ3RnuId via @IrishTimesBiz
— Irish Times Business (@IrishTimesBiz) July 13, 2021

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