MORTGAGE holders with IBRC will have money taken from their bank accounts this month, after missing one payment on their home loans as the bank was liquidated.
Residential mortgage holders with IBRC are still waiting for their February mortgage payments to be taken from their accounts after liquidators took over at the beginning of this month.
IBRC was formerly Anglo Irish Bank and Irish Nationwide Building Society.
The mortgage holders' IBRC bank sort codes were suspended when the liquidator, KPMG, took over management of the loans.
But now it is understood that the Central Bank has been told by liquidators Kieran Wallace and Eamonn Richardson that they are now in a position to accept the March mortgage payments.
And a variety of payment options will be put in place to allow consumers to pay their February mortgage bills.
IBRC's residential mortgage book is worth €1.8bn, but it is unclear how many mortgage accounts are involved.
A letter is due to go out to the mortgage holders next week telling them that new processes have been put in place to allow them to pay the missed February mortgage payments.
The customers are being told there will be no impact on their credit ratings over the missed payment, a source close to the bank said.
Meanwhile, Finance Minister Michael Noonan said mortgage holders with IBRC will not be able to buy out their loans on the cheap.
He told Sinn Fein's Pearse Doherty in a Dail reply it was unlikely individual borrowers would be able to buy out outstanding mortgages.
Mr Noonan said there was an obligation on the liquidators to ensure that the assets of IBRC are sold at a price that maximises the overall return for its creditors.
The assets of IBRC will be valued independently.
"The special liquidators are still in the process of devising and implementing a sales process in respect of IBRC's assets. However, it is unlikely that individual mortgage lots will be put up for sale as part of this process," Mr Noonan said.
However, the liquidators have hinted that they may be willing to accept offers from mortgage holders who have the cash to pay off their home loan.
Mr Wallace and Mr Richardson indicated that all borrowers will get an opportunity to buy their loans if they can match the liquidators' evaluation.