PTSB in plan to sell off 2,000 properties

Homes voluntarily surrendered to bank in return for debt deals

20th May, 2018

Permanent TSB has taken possession of 2,000 homes from customers who fell deep into arrears on their loans.

The bank announced last year that it would write off residual debt for buy-to-let borrowers who handed back their keys to their property in an effort to cleans its balance sheet of long-term arrears.

The voluntary surrender scheme has resulted in 1,500 homes being handed back to PTSB.

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