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Rent collectors hired

IRISH banks have appointed rent collectors to more than 2,000 properties owned by landlords who are refusing to use rental income to pay their mortgage arrears.

Finance Minister Michael Noonan said Bank of Ireland has appointed rent receivers to 1,235 properties, while AIB has appointed 540 with a further 250 expected by the end of the year.

Permanent TSB said it has appointed 144 with 10 more to come.