NAMA starts pilot mortgage scheme

UPDATE: The National Asset Management Agency has launched a pilot version of a new deferred payment residential mortgage scheme.

8th May, 2012
NAMA's Brendan McDonagh

The National Asset Management Agency (NAMA) has launched a pilot version of a new deferred payment residential mortgage scheme aimed at securing sales of properties on its books.

The mortgage scheme will protect buyers from decreases of up to 20 per cent in the value of their property over the next five years.

The pilot phase will see the initiative available on more than 115 houses located in 12 developments in Dublin, Meath, and Cork.

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