Number of homeowners in mortgage arrears above national average in Shannononside region

Over 900 homeowners across the Shannonside region are in mortgage arrears according to a financial advice group.

According to figures obtained by Mortgage to Rent scheme operator Mortgage to Rent, four-hundred home owners in Roscommon have been in mortgage arrears for two years or more, with Leitrim’s total at two-hundred-and-seventy and Longford at two-hundred-and-fifty.

The figures for the Shannonside region are slightly higher than the national average and earlier this week figures showed that banks are still reluctant to impose court orders for repossession with less than 10 orders granted successfully at local courts in the first six months of the year.

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Stephen Curtis, Head of Operations at Home for Life believes that mortgage arrears are still too high across the region and is urging anyone in financial trouble to reach out for help.

Money