The European Central Bank raised interest rates by further quarter of a percentage point on Thursday, placing additional financial strain on mortgage holders, particularly the State’s 250,000 tracker customers.
The Central Bank data also shows the number of properties in possession by lenders was 458, down from 486 in possession from the end of December. Despite the overall increase of in arrears, accounts in arrears for more than one year continued to decline. Some 29,294 mortgages, or 4.1 per cent, were in arrears of more than 90 days.
Non-bank entities accounted for 16 per cent of the total stock of private dwelling house mortgage accounts outstanding.
Source: Loan Digest (loandigest.net)
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