000 people struggling to pay mortgage

000 people struggling to pay mortgage,[link widoczny dla zalogowanych]
Today's figures for July,[link widoczny dla zalogowanych], August and September are also set to show a lower number of restructured mortgages than the last time figures were issued,[link widoczny dla zalogowanych], after a leading lender admitted to the Central Bank it has been double counting.
This means that the number of modified mortgages,[link widoczny dla zalogowanych], where the borrower is not in arrears,[link widoczny dla zalogowanych], is set to be little changed from the June figure of under 40,[link widoczny dla zalogowanych],000.
Most people who get a deal to restructure their mortgages go on interest-only in order to lower the monthly repayments,[link widoczny dla zalogowanych].
Operations manager with Irish Mortgage Brokers Karl Deeter said borrowers needed more State help,[link widoczny dla zalogowanych].
"We have now breached the critical 100,[link widoczny dla zalogowanych],000 mark in terms of troubled mortgages. The time for talking about this problem is over,[link widoczny dla zalogowanych]," he said.
Bank of Ireland,[link widoczny dla zalogowanych], KBC Bank and Permanent TSB in the past week blamed higher arrears levels on expectations of mortgage debt write-off deals.
Now that the Government has produced its working paper on mortgage solutions,[link widoczny dla zalogowanych], the Keane Report,[link widoczny dla zalogowanych], there is likely to be less speculation about debt forgiveness,[link widoczny dla zalogowanych], experts said.
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