Third of Nationwide mortgages in arrears

According to an article in the Irish Independent over a third of consumer mortgages from the Irish Nationwide Building Society have fallen into arrears.

As many as half of buy-to-let mortgages have also fallen into arrears.

According to the paper Martin Noonan, Head of mortgages at Irish Nationwide, refused to give any breakdown of the figures. But he did admit that their home loans arrears were higher than at other lenders.