Thursday February 27, 2020

The banks should resist playing the blame game

Holding legacy defaulters responsible for high mortgage rates won’t do the lenders any favours

Ian Guider

Markets Editor

@ianguider
17th March, 2019
Pearse Doherty: the Sinn Féin spokesman on finance, wants to stop banks selling mortgage debts without the consent of borrowers Rollingnews

A number of months ago, a source in the banking world predicted that this year would see a fightback by the banks against some of the commentary about the sale of loan books to vulture funds, and why the mortgage interest rates in Ireland are consistently higher than the eurozone average.

I know it has grated with the banks that they are blamed for not acting more speedily on mortgage arrears, yet at the same...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 1 week ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 1 week ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 1 week ago