I’m in home mortgage arrears, what should I do?
You might think it will never happen to you, but it’s easy to get into mortgage arrears if your situation changes or the unexpected happens. If you experience a temporary setback or a long-term change in your circumstances, it doesn’t necessarily mean that you’re going to lose your home. There are supports out there to offer advice and practical support - even if you’re facing the threat of repossession. The following steps should be followed if you are in mortgage arrears and seeking help.
Residential Mortgage Arrears in Ireland continues to decline
The Central Bank has this week released its report on ‘Residential Mortgage Arrears & Repossession Statistics: Q4 2018’. Since the end of September 2018, the number of accounts in mortgage arrears has fallen by 2,367.