Monday October 26, 2020

Vulture fund still wants family out even if they pay 96 per cent of bill

Loan owed to Start Mortgages - a lender owned by US private equity fund Lone Star

15th May, 2016
David Hall, chief executive of the Irish Mortgage Holders Association Pic: RollingNews.ie

A Dublin family have been told that they will lose their home even if they pay 96 per cent of their monthly mortgage payments. The loan is owed to Start Mortgages, a lender owned by US private equity fund Lone Star.

According to documents seen by The Sunday Business Post, an affordability exercise undertaken by Start Mortgages found that the family could pay €2,513 per month off a mortgage of €2,620.

However, Start told the family...

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