Fears for homeowners as AIB begins bad loan clearout
• Europe threat to groundbreaking plan to save mortgage holders from vultures • Potential investors told to expect hike in home repossessions after €12bn IPO
The impact on borrowers of the state’s plan to sell a quarter of AIB is becoming apparent, with the bank set to ramp up loan sales and repossessions after it exits full state ownership. In addition, a plan to save thousands of its mortgage holders from vulture funds hangs in the balance following an intervention by Europe.
Potential investors in the bank, who asked not to be named, said that they have been...
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