New Beginning has funding in place for ‘mortgage rescue’

Scheme could be rolled out nationwide to thousands of homeowners

12th June, 2016
New Beginning founder Ross Maguire Pic: Maura Hickey

Debt adviser New Beginning has lined up funding for the first phase of what it is understood to be calling a Home Mortgage Rescue Scheme backed by Irish investors.

The aspiration would be that the scheme could be rolled out nationwide to thousands of homeowners facing repossession. Funding is in place for phase one of the scheme and it hopes to progress within weeks.

While it has had discussions with finance house Merrion Capital about...

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