Central Bank Arrears figures

Brendan Burgess

Founder
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As of 31 March 2011 per [broken link removed]
|31 March 2010|31 March 2011
Number of mortgages in arrears over 90 days| 21,187|49,602
Number of mortgages restructured and not in arrears|n/a|39,662
Total restructured or in arrears||89,264
Total number of mortgages|791,047|782,429
% in arrears over 90 days|2.7%|6.3%
% in arrears or restructured||11.5%
% paying according to the original agreement|88.5%
Repossession data for all lenders - mainstream and sub-prime
|Q12010|Q2 2010|Q3 2010|Q4 2010|2010 total|Q1 2011
Repossessed on foot of court order|26|20|22|34|102|49
Surrendered or abandoned|65|66|59|72|262|91
Total|||||364|
I am informed by the Irish Banking Federation that 70 houses were repossessed by their members in 2010 on foot of a court order.
If you have a loan from one of the main banks, your chances of having your home repossessed against your will in 2010 was 1 chance in 10,000
 
AIB's comments as reported in the [broken link removed]

The bank disclosed figures showing a sharp increase in the number of borrowers missing repayments or seeking debt relief. One in five of its 44,000 Irish buy-to-let mortgages was in arrears or had been restructured to help borrowers at the end of June, compared with one in 12 of the bank’s 126,000 home loans.
 
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