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]
Amharc ar fhreagraI 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).
