Dáil Éireann Debate, Tuesday - 4 November 2014
308. Deputy Michael McGrath asked the Minister for Finance the number of mortgages still held by IBRC in special liquidation; the proportion which are residential mortgages and buy to let respectively; the arrears rate; and if he will make a statement on the matter. [41475/14]
View answerI am advised by the Special Liquidators that there are 6,219 residential mortgage accounts still held by Irish Bank Resolution Corporation Limited (in Special Liquidation). Of these, 5,839 (94%) relate to owner occupier properties and 380 (6%) relate to residential investment/buy to let properties.
I am further advised that of the 6,219 residential mortgage accounts still held by Irish Bank Resolution Corporation Limited (in Special Liquidation), that:
- 9% of the owner occupier mortgages are in arrears (greater than 90 days).
- 39% of the residential investment/buy to let properties are in arrears (greater than 90 days).
