New owner of Start Mortgages loans required to abide by consumer protection requirements – Central Bank

Start manages over 11,000 mortgages

Central Bank of Ireland (Picture by Fergal Phillips)

The Central Bank has said it is aware of the announcement by Start Mortgages that an agreement has been reached to transfer the credit servicing of its mortgage book to Mars Capital.

Start manages over 11,000 mortgages with an estimated value of around €2.2 billion.

Lone Star has reached an agreement to transfer the servicing rights of Start’s mortgage book to Mars Capital. The servicing of the 11,000 mortgages is being transferred rather than the ...