New Beginning to buy ‘thousands’ of vulture fund homes

Ross Maguire reveals he would launch a ‘mortgage to rent’ scheme next year

23rd December, 2016
Ross Maguire Pic: Maura Hickey

New Beginning, the debt agency founded by barrister Ross Maguire, plans to buy thousands of homes from ‘vulture funds’ in 2017 after securing backing for a multimillion-euro property play from high net worth German investors.

Maguire confirmed that he would launch a ‘mortgage to rent’ scheme next year, and has already secured funding for the first tranche of purchases. It is understood that an initial commitment of €20 million has been made for a...

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