Mortgage holders’ spokesman warns that repossessions will reach 25,000 this year
David Hall, of the Irish Mortgage Holders’ Association: “The banks can get a rental income from the buy-to-lets whereas with a family home they want the residents out so they can sell it.” Photograph: The Irish Times
Banks are seeking to repossess more than 7,000 homes across the State, according to latest figures from the Courts Service.
Data released to The Irish Times by the courts service indicates that, as of January 1st, some 7,101 civil bills for repossession had been lodged by the banks across the State’s 26 circuit courts.
The largest volume, 1,420, are lodged in Dublin Circuit Court, followed by 564 in Meath, 543 in Cork Circuit Court and 412 in Galway. The next-highest number, 405, are active in Co Kildare, underlining increasing distress among mortgage holders in the commuter counties around Dublin. In Wicklow there are 255 active bills for repossession lodged by banks.BLOG COMMENTS POWERED BY DISQUS