THE number of people in mortgage arrears rose at the start of the year as the lockdown meant people lost their jobs. Read MoreThe overall increase in the numbers in arrears can be attributed to a combination of longer-term arrears accounts reducing, and an increase in new arrears, the Central Bank said. Central Bank statisticians said that preliminary indications are that a large number of new arrears accounts have since reverted to having no arrears. This is largely due to the introduction of Covid-19 payment breaks in the last two weeks of the quarter. Those availing of the pandemic payment breaks are not classified as being in arrears.

Source: Irish Independent June 23, 2020 11:48 UTC