Permanent TSB sells €215m of buy-to-let loans

Permanent TSB has sold €215 million worth of loans which were held by its UK subsidiary CHL, and were secured against buy-to-let properties in Britain.

A bank spokesman said the details of the transaction were confidential

Permanent TSB has sold €215 million worth of loans which were held by its UK subsidiary CHL, and were secured against buy-to-let properties in Britain.

The loans were sold as part of the bank’s ongoing deleveraging programme.

A bank spokesman said that while the financial details of the transaction were confidential, the price achieved was 40 per cent above the offers submitted for the portfolio in 2012 when it was previously offered for ...