Vulture fund still wants family out even if they pay 96 per cent of bill

Loan owed to Start Mortgages - a lender owned by US private equity fund Lone Star

15th May, 2016
David Hall, chief executive of the Irish Mortgage Holders Association Pic:

A Dublin family have been told that they will lose their home even if they pay 96 per cent of their monthly mortgage payments. The loan is owed to Start Mortgages, a lender owned by US private equity fund Lone Star.

According to documents seen by The Sunday Business Post, an affordability exercise undertaken by Start Mortgages found that the family could pay €2,513 per month off a mortgage of €2,620.

However, Start told the family...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Housing crisis is coming home to roost for the government parties

Housing Elaine Byrne 1 day ago

Matt Cooper: Falling house of cards could take this government with it

Colin Murphy: Unionists are not the only ones ensnared by figments of the past

Willie O’Reilly: Pressing home the point that truth is not a luxury