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How are Irish households coping with their mortgage repayments? Information from the SILC Survey


  • McCarthy, Yvonne

    (Central Bank and Financial Services Authority of Ireland)

  • McQuinn, Kieran

    (Central Bank and Financial Services Authority of Ireland)


This paper uses information contained within the Survey on Income and Living Conditions (SILC) to examine the ability of Irish households to sustain their mortgage repayments. We calculate mortgage repayment to income (MRTI) ratios for a representative sample of Irish households and examine the distribution of this ratio. In particular, we stratify information on marital, work and educational status along with household composition according to this MRTI. We also examine the distribution of information on household mortgages such as the source, the interest rate paid, the age and tenure, and the monthly repayment of the mortgage according to the same ratio. Finally, the distributional implications for the MRTI of a significant unemployment and interest rate shock are also examined.

Suggested Citation

  • McCarthy, Yvonne & McQuinn, Kieran, 2010. "How are Irish households coping with their mortgage repayments? Information from the SILC Survey," Research Technical Papers 2/RT/10, Central Bank of Ireland.
  • Handle: RePEc:cbi:wpaper:2/rt/10

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    References listed on IDEAS

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    Cited by:

    1. Karl Whelan, 2010. "Policy Lessons from Ireland’s Latest Depression," The Economic and Social Review, Economic and Social Studies, vol. 41(2), pages 225-254.
    2. Christopher T. Whelan & Bertrand Maitre, 2010. "Identifying Economically Vulnerable Groups as the Economic Crisis Emerged," The Economic and Social Review, Economic and Social Studies, vol. 41(4), pages 501-525.
    3. Kelly, Robert & McCarthy, Yvonne & McQuinn, Kieran, 2012. "Impairment and negative equity in the Irish mortgage market," Journal of Housing Economics, Elsevier, vol. 21(3), pages 256-268.

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