15% of Donegal mortgage holders in “serious” arrears

mortgage

Almost 15% of Donegal home-owners are in serious mortgage arrears.

Figures released by the the Central Bank of Ireland state that 14.7% of people who have taken out a mortgage are behind on repayments by more than 90 days.

The shocking figures were released to Sinn Féin by the Central Bank of Ireland.

There were almost 300 applications for repossession orders before Letterkenny court last week, and Donegal SW Deputy Pearse Doherty, says the indications are it's going to get worse..............