Friday October 30, 2020

Permanent TSB embroiled in 470 legal battles with mortgage holders

The scale of Ireland's mortgage crisis has been highlighted once more, with new figures showing that Permanent TSB is mired in 470 legal battles with struggling borrowers.

9th December, 2012

The scale of Ireland's mortgage crisis has been highlighted once more, with new figures showing that Permanent TSB is mired in 470 legal battles with struggling borrowers.

PTSB, Ireland's largest mortgage lender at the end of the Celtic tiger, has told the government that the vast majority of the cases relate to debt recovery and enforcement.

The figures, provided to the Department of Finance, mark the first time that the level of litigation with errant borrowers...

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