The Irish Mail on Sunday

CALL TO FACE UP TO ARREARS CRISIS

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Despite new figures showing a fall in overall mortgage arrears, the most stubborn deficits are not being faced up to, financial brokers group PIBA said.

PIBA points out that those in arrears for over 720 days make up 88% of the total owed.

‘There is still a huge element of extend and pretend going on,’ said PIBA’s Rachel McGovern.

‘The Central Bank needs to face up to the situation and ensure lenders find real solutions to this terrible dilemma.’

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