Sunday 21 July 2019

Munster wants action on mortgages

Sinn Féin TD for Louth and East Meath Imelda Munster has called on the government to support a Sinn Féin bill which will stop banks from selling mortgage loans to vulture funds and other third parties without the consent of the mortgage holder.

Speaking in the Dáil on the Pearse Doherty proposed No Consent No Sale bill, she called on the government to support the bill..

Deputy Munster said: "Just three months ago, a state bank that had been bailed out by the Irish people, stated that it was selling over 6,000 family home loans to an unknown entity.

'Many of my constituents in Louth, in Drogheda and Dundalk, have received these letters, despite the fact that they had been engaging with the banks and many of them had never missed an agreed payment. This goes against the Central Bank's Code of Practice

Drogheda Independent