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Mortgage Arrears Rate

Dáil Éireann Debate, Wednesday - 17 September 2014

Wednesday, 17 September 2014

Questions (14)

Seamus Healy

Question:

14. Deputy Seamus Healy asked the Minister for the Environment, Community and Local Government if he will provide a breakdown of local authority mortgage arrears, including the number in arrears of more than 90 days, more than 180 days and more than 365 days; if a process is in place for dealing with such arrears; and if he will make a statement on the matter. [34313/14]

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Written answers

My Department publishes a wide range of housing statistics, including the number and value of local authority mortgages with a breakdown of those in arrears for more than 90 and 180 days. The most recent statistics in respect of Q1 2014 are displayed on my Department’s website - the relevant weblink will be circulated with the Official Report.

http://www.environ.ie/en/Publications/StatisticsandRegularPublications/HousingStatistics/FileDownLoad,15295,en.xls

by clicking “Mortgage Data/Arrears in Local Authorities” under the Housing Loans contents.

At end March 2014, the number of local authority housing loans in arrears for over 90 days was 6,012, with a corresponding cumulative loan value of almost €246 million; the number of loans in arrears for over 180 days was significantly lower at 4,771 with a corresponding cumulative loan value of almost €196 million.

The information requested in relation to loans in arrears for more than 365 days is currently not available in my Department. However, it will be available shortly with the return of the latest Quarterly Housing Statistics Return from local authorities.

My Department issued revised guidelines to local authorities for dealing with mortgage arrears within the local authority sector in June 2014. Dealing with Mortgage Arrears – A Guide for Local Authorities is available on my Department’s website and the relevant weblink will be circulated with the Official Report.

http://www.environ.ie/en/Publications/DevelopmentandHousing/Housing/FileDownLoad,30943,en.pdf

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