Dáil Éireann Debate, Thursday - 3 December 2015
101. Deputy Michael McGrath asked the Minister for Finance the number of residential mortgage holders classified as non-co-operating under the code of conduct on mortgage arrears; and if he will make a statement on the matter. [43399/15]
Amharc ar fhreagraI am informed by the Central Bank that it does not publish statistics in relation to the number of non-cooperating borrowers under the Code of Conduct on Mortgage arrears. Furthermore, while my Department publishes monthly data on mortgage arrears in the six main banks it does not have data on non-cooperating borrowers.
As the Deputy will be aware, the Central Bank publishes Quarterly Residential Mortgage Arrears and Repossessions Statistics. Their latest publication relates to Q2 2015 and is available at https://www.centralbank.ie/polstats/stats/mortgagearrears/Documents/2015q2_ie_mortgage_arrears_statistics.pdf.
The Code of Conduct on Mortgage Arrears provides a strong consumer protection framework to ensure that borrowers struggling to keep up mortgage repayments are treated in a fair and transparent manner by their lender, and that long term resolution is sought by lenders with each of its borrowers. It is very important that borrowers engage and cooperate with their lender and avoid being classified as non-cooperating.
