Sunday May 31, 2020

Reams of red tape delaying sale of Irish Nationwide mortgages

The sales process for 13,000 mortgages from the old Irish Nationwide Building Society is set to be delayed, with major issues emerging over the paperwork for a growing number of loans.

2nd February, 2014

The sales process for 13,000 mortgages from the old Irish Nationwide Building Society is set to be delayed, with major issues emerging over the paperwork for a growing number of loans.

First round bids for the €1.8 billion loan book were due to be received this week, but the liquidators of the Irish Bank Resolution Corporation are now set to extend the deadline as they seek more time to source crucial documents underpinning the loans.

It...

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