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Around 12% Of All Mortgages Are In Distress.

Stock image: Pixabay

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.

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