Number of restructured mortgages nears 73,000

Number of restructured mortgages nears 73,000

The country’s main six banks had agreed to a total of 72,819 permanent mortgage restructures by the end of June, the latest figures from the Department of Finance show.

This represents an increase of 3,513 accounts since the end of May and 10,754 accounts since the end of March.

The department also said that the number of mortgage accounts in arrears of greater than 90 days has fallen from 73,719 to 72,897, a fall of 822 when compared to the end of May this year.

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