The Central Bank and government have been warned of a mortgage 'arrears crisis'.
It comes as the price of a new home in Ireland has increased by 28 thousand year-on-year.
The Irish Independent reports Borrowers whose loans are owned by vulture funds and serviced by pepper, will face a 0.75 percentage point rise on repayments.
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According to the central bank, 32 thousand people have faced financial difficulty as a result,
The latest increase means some borrowers will now have to pay between 8.5 and 10 per cent.
The paper also reports the price of a home is up 28 thousand euro in quarter two of the year compared to the same period last year.
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According to Geowax, the median price for a home now is 318 thousand euro.
