Mortgage Debt

Dáil Éireann Debate, Wednesday - 1 May 2013

Wednesday, 1 May 2013

Ceisteanna (82)

Seán Fleming

Ceist:

82. Deputy Sean Fleming asked the Minister for Finance the number of mortgage accounts outstanding on primary dwelling homes by the banks and financial institutions; the number of mortgage accounts issued by retail credit firms; if he will provide the total number of primary dwelling home mortgages in the country; the total value of the balance on these accounts at the end of December 2012; the number and the percentage in arrears over 90 days divided between banks and financial institutions, retail credit firms and local authorities; if he will provide the names of the institutions referred to as retail credit firms; and if he will make a statement on the matter. [20602/13]

Freagraí scríofa

Minister for Finance

The Central Bank has information me that the number of mortgage accounts for both banks and retail credit firms and outstanding balances at December 2012 are as follows:

Banks	Number of Accounts	Outstanding Balance €(000)
Total	774,765	107,395,205
In arrears over 90 days	86,422 (10·88%)	15,662,222
Retail Credit Firms	-	-
Total	17,331	3,387,384
In arrears over 90 days	8,066 (1·02%)	1,792,726

The names of institutions referred to as retail credit firms are as follows:

- Haven Mortgage Limited

- Nua Homeloans Limited

- Pepper Financing Corporation Limited

- Secured Property Loans Limited

- Springboard Mortgages Limited

- Start Mortgages Limited

- Stepstone Mortgage Services Limited

I would refer the Deputy to the Central Banks website which contains detailed information and statistics on residential mortgage arrears and other relevant information.