Friday, May 29, 2020
Euro Bank notes fanned out on display.

Mortgage arrears fell by 3.1 per cent in the third quarter of 2016, the 13th consecutive quarter of decline, new figures from the Central Bank show.

However, 11 per cent of mortgages remain in arrears, and arrears on buy-to-let mortgages where a receiver has been appointed actually increased by 5.4 per cent in the quarter.

According to figures from the Central Bank, 79,562, or 11 per cent of all mortgages, were in arrears as of the of the third quarter, a decline of 3.1 per cent relative to Q2 2016.