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Friday 22 February 2019

Curtis leaving IMHO for new Home for Life role

Co-founder of iCare Housing Stephen Curtis
Co-founder of iCare Housing Stephen Curtis
Samantha McCaughren

Samantha McCaughren

Co-founder of iCare Housing and well-known consumer finance advocate Stephen Curtis is to leave the non-for-profit organisation to join recently launched mortgage-to-rent (MTR) provider Home For Life.

The personal insolvency practitioner will also be stepping down from his role as project manager with the Irish Mortgage Holders Organisation (IMHO) to concentrate on his new role as head of operations at Home For Life, where he will have responsibility for scaling up its MTR offer. The IMHO is headed by David Hall.

MTR is a government scheme designed to keep those on low incomes who are at risk of losing their homes due to mortgage arrears in their homes debt-free as tenants of their local authority. Home For Life has said its near-term target is to help deliver over 500 debt resolutions by investing around €100m to acquire homes for rental by the local authorities.

It expects a further four financial institutions to join PTSB in making Home For Life's MTR solution available to customers within weeks. Home For Life claims its model can meet market demand for MTR with no impact for the State's balance sheet. Curtis confirmed the new role, but declined to comment further.

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