Dáil Éireann Debate, Wednesday - 18 October 2023
114. Deputy Patricia Ryan asked the Minister for Finance the number of mortgages, previously classed as performing loans, which have fallen into arrears since the beginning of the interest rate increases to date; and how many of those were the subject of previous restructuring, split/shelved portion mortgages or previous alternative payment arrangements. [45713/23]
View answerThe Central Bank of Ireland publishes quarterly statistics on mortgages. The most recent publication was on 15 September last and provides mortgage statistics for the second quarter of 2023. These statistical releases are publicly available on the Central Bank of Ireland webpage.
According to the Central Bank data, the total number of Principal Dwelling Household (PDH) and Buy to Let (BTL) mortgage accounts held by banks and non-bank entities currently in arrears stood at 56,930 at end June 2023. This represents a decrease of 1,129 accounts in annual terms, mainly driven by falls recorded in accounts in long term arrears.
The total number of PDH and BTL mortgage accounts classified as restructured, held by banks and non-bank entities, stood at 68,060 accounts at end June 2023. This represents a decrease of 9.4% in annual terms.
I am informed by the Central Bank of Ireland that data on account flows with respect to restructures, split mortgages or alternative payment arrangements are not available.
