New banking crackdown on buy-to-let borrowers

Permanent TSB has informed the Department of Finance that it has appointed rent receivers over 243 BTL investment properties, held by 140 borrowers.

20th July, 2014

The crackdown continues: AIB and Permanent TSB have both ramped up their enforcement action on errant buy-to-let (BTL) borrowers, with new figures showing the two bailed out institutions have installed rent receivers to close to 500 properties in the first half of the year.

Permanent TSB has informed the Department of Finance that it has appointed rent receivers over 243 BTL investment properties, held by 140 borrowers.

This is a significant spike for the bank, which had only...

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