Statistics from the Central Bank of Ireland's Residential Mortgage Arrears and Repossessions Statistics: Q3 2017, show that rent receivers were appointed to 390 BTL accounts during the third quarter of 2017; this is down from 430 accounts in the previous quarter and continues the downward trend evidenced in recent quarters.
In relation to the State supported banks, the figures below relate to September 2017.
The AIB policy is to appoint a Fixed Asset Receiver with intention to sell. In the event that a Fixed Asset Receiver is unable to progress a sale they will continue to collect rent where feasible. ‘Rent Receiver’ is only appointed in exceptional circumstances where it is not intended to sell the asset. There are currently 459 buy to let properties categorised as having rent receivers assigned to them, however, all of these were appointed as Fixed Asset Receivers and were not appointed with the sole purpose of collecting rent.
In relation to PTSB, rent receivers are appointed to 557 properties. This compares with 423 properties in 2016.
My Department was unable to get more updated figures in the timeframe available but will forward them to the Deputy within the next week.
