COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL
MEETING OF SOUTH DUBLIN COUNTY COUNCIL
Monday, January 11, 2016
MOTION NO.13
MOTION: Councillor E. Ó Broin
That the Manager provide a detailed report on arrears with respect to households in tenant purchase properties (social and affordable) including:
(a) How many are currently in mortgage arrears of ninety days or more;
(b) A breakdown of the accounts by length of time in arrears in excess of one month;
(c) What is the Council’s policy in relation to the management and collection of these arrears?”
REPORT:
At the end of November, 2015 there was a total of 260 tenant purchase mortgages of which 35 were in arrears of ninety days or more.
At the end of November, 2015 there was a total of 423 Affordable mortgages of which 80 were in arrears of ninety days or more.
The table below reflects the number of these accounts in arrears by length of time and value of arrears at the end of November 2015.
| Tenant Purchase |
Affordable
|
|||
| Arrears Group | Amount | No | Amount |
No
|
| Less Than 1 month | 3,339.65 | 29 | 15,467.69 | 59 |
| 1month but less than 2 | 2630.41 | 9 | 24,551.25 | 26 |
| 2 months but less than 3 | 4,090.84 | 9 | 16,260.16 | 11 |
| 3 months but less than 4 | 2,877.38 | 3 | 18,489.63 | 8 |
| 4 months but less than 5 | 2,207.92 | 5 | 23,235.5 | 9 |
| 5 months but less than 6 | 2,123.14 | 4 | 27,884.97 | 9 |
| 6 months but less than 7 | 1,693.73 | 3 | 16,923.36 | 4 |
| 7 months but less than 8 | 815.96 | 1 | 14,874.09 | 4 |
| 8 months but less than 9 | 2,306.29 | 2 | 23,017.59 | 5 |
| 9 months but less than 10 | 7,635.47 | 2 | 34,545.81 | 5 |
| 10 months but less than 11 | 1,647.35 | 1 | 26,892.8 | 4 |
| 11 months but less than 12 | 4,486.49 | 2 | 21,343.21 | 3 |
| 12 months or more | 31,414.20 | 19 | 331,736.17 | 29 |
| 67,268.83 | 89 | 595,222.27 | 176 | |
South Dublin County Council has a dedicated team of Arrears Support Officers who are trained in the collection and management of arrears.
In terms of the mortgage arrears process, staff in South Dublin County Council apply the four-step programme called the Mortgage Arrears Resolution Process (MARP) designed to assist borrowers who are having difficulty in meeting their repayments; details of which are outlined in link below.
If a borrower requires any assistance in completing the SFS or the application form South Dublin County Council has staff available to help with their queries. For those borrowers who qualify for the MARP process, the following options are available to them:
- Interest and Part Capital Payments
- Interest and MPI Payments
- Postpone Repayments
- Lenghtening the term of the Loan
- Capitalisation
The link to the information booklet on MARPS is as follows: