Wednesday June 3, 2020

Banks in u-turn on Hall’s mortgage scheme

The decision by Bank of Ireland to consider working with Hall’s iCare is a significant change for the bank

Ian Guider

Markets Editor

@ianguider
11th February, 2018
David Hall

Bank of Ireland, KBC Bank and Ulster Bank have held talks about joining the mortgage-to-rent scheme backed by debt advocate David Hall in a bid to cleanse their balance sheets of home loan arrears.

The decision by Bank of Ireland to consider working with Hall’s iCare is a significant change for it as one of the key terms for the scheme is that the banks agree to a write off of residual debt for struggling...

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