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Tánaiste publishes Mortgage Arrears Review showing arrears at a record low
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From: Department of Finance
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The Tánaiste and Minister for Finance, Simon Harris TD, today published the Mortgage Arrears Review for 2025.
The Review shows the numbers in mortgage arrears on primary dwelling homes continues to decline with:
- the total number in arrears dropping 17% to below 36,000 (from over 42,000 at the end of 2024),
- the number in arrears of over 90 days dropping 19% to under 22,000 (from almost 27,000 at the end of 2024), and
- the number in long-term arrears (one year or more) dropping 16% to just over 16,000 (from over 19,000 at the end of 2024).
At the end of 2025, the proportion of primary dwelling home mortgages in arrears of over 90 days was 3.1%. This is the lowest proportion of accounts in arrears over 90 days since 2009.
Tánaiste Harris said:
“I am encouraged by the declining trend in mortgage arrears. However, it is important to recognise the difficulties some people continue to have in paying their mortgage.
Advice and support is available to those people and I would urge consumers to engage with their lenders and with support services such as MABS as early as possible.”
The Tánaiste added:
“Although mortgage arrears are declining, they remain high by international standards. The review addresses trends in mortgage arrears up to the end of 2025. Effects from the conflict in the Middle East on energy prices and the cost of living are not yet evident in the data.
Therefore, while mortgage arrears are at the lowest level since 2009, the prospect of interest rate increases means that we must remain vigilant and continue to provide advice and support to those in difficulty.”
ENDS
Notes For Editors
• In September 2023, the Mortgage Arrears Review Group was tasked by the Minister for Finance to review the operation of the mortgage arrears resolution framework and identify any reforms or improvements that could be made to better address the problem of long term mortgage arrears and emerging early arrears.
• The report of the Mortgage Arrears Review Group was published in September 2024.
• The Mortgage Arrears Review Group comprised the Department of Finance, the Department of the Justice, Home Affairs & Migration, the Department of Social Protection, the Department of Housing, Local Government and Heritage, the Central Bank of Ireland, the Money Advice and Budgeting Service (MABS), and the Insolvency Service of Ireland (ISI).
• Among the Report’s recommendations was the establishment of an interdepartmental Mortgage Arrears Forum to monitor the implementation of the recommendations of the report and to assess the success of the framework in resolving mortgage arrears.
• The Mortgage Arears Forum produces an annual review of the trends in the resolution of mortgage arrears. This Review is the second such prepared by the Forum.
• The Review also contains information on the usage of services provided by Government that offer supports to households experiencing mortgage arrears. These include Abhaile, the National Mortgage Arrears Resolution Service, which has provided advice and support to 34,640 since it commenced in 2015.
• Other supports offered include Back on Track, a dedicated website provided by the Insolvency Service of Ireland.
• The Central Bank of Ireland’s revised Consumer Protection Code, which came into effect in March 2026 places obligations on how regulated entities should manage the handling of mortgage arrears.
The data in used in the Review is based on the Central Bank of Ireland’s reporting population which includes credit institutions, non-credit institutions and non-resident mortgage providers. The data is available at the following link: https://www.centralbank.ie/statistics/data-and-analysis/credit-and-banking-statistics/mortgage-arrears