Finance[RTÉ’s business editor David Murphy on last night’s Six One news]

The Department of Finance’s latest figures on mortgage arrears for Ireland’s six biggest lenders involve some 80,000 mortgage holders who are three months behind with their loans.

While 77% of owner-occupier mortgages in arrears had not been restructured by the end of September last, that figure only dropped to 75% by the end of November.

An improvement of 2%, or approximately 300, of mortgage accounts ‘under reconstruction’.

Meanwhile, the number of controversial ‘split mortgages’ almost doubled, from 2,500 in August 2013, to 5,800 in November.


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