Almost one in three investor mortgages is in trouble in Ireland, new figures have shown.

The Irish Independent has just reported that Lenders warned to tackle buy-to-let mortgage crisis -

Almost one in three investor mortgages is in trouble, new figures have shown.

The failure of banks to deal with buy-to-let mortgages and the arrears on residential homeloans risks bankrupting the country a second time, a senior central banker said.

Director of banking supervision Fiona Muldoon has revealed that 37,000 buy-to-let mortgages are in arrears -- payments are three months or more behind.

And another 11,000 investor mortgages have had to be modified as property owners can't meet the repayments.

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