BTL Mortgage Arrears, Restructures and Repossessions Q3 2015 figures (Note 1: Residential figures are discussed separately here

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(Note 2: Analysis of Restructured Mortgages can be found here

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Report Linkhttp://www.centralbank.ie/polstats/stat ... istics.pdfArrears Repossessions Restructures Where Green = highest since records began and Blue = Lowest since records began

Conclusions1. Arrears went from 26,071 Q2 2015 (19.0%) to 24,890 Q3 2015 (18.1%), a fall of -1,181 or -4.5%

2. 24,890 (18.1% of all BTLs) in arrears over 90 days + 26,198 (19.0% of all BTLs) restructured =

51,088 or 37.1% of all BTLs in trouble of some sort (down 51,914 or 37.8% in Q2 2015)

3. The arrears cases over 90 days (26,071) which is 18.1% of all BTL mortgages outstanding, has resulted in repossessions of just 847 properties in the 12 months from Q4 2014 and Q3 2015 = 3.4%

And 38% of these were voluntarily surrendered.

BTL properties repossessed on foot of an Order between Q4 2014 and Q3 2015 was 525 or just 2.11%, meaning

only

1 in 47 BTL mortgages in arrears over 90 days are repossessed by court order.

This despite there being

4,786 mortgages over 1 year in arrears and a further 15,275 over 2 years or more in arrears