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Wednesday 29 November 2023 Dublin: 2°C

# Vulture funds

Last month
October 2023
Finance Minister: We need to see ‘significant increase’ in switching from vulture funds to banks
Sinn Féin’s Pearse Doherty said today that he has “serious reservations” about the recently announced switching criteria.
11.6k
23
Oct 5th 2023, 12:34 PM
This year
2023
McGrath working on 'very targeted' measures to help mortgage holders with sky high interest rates
A report by
Christina Finn
Plans are being worked on to rescue borrowers stuck with vulture funds charing up to 10% mortgage interest.
12.8k
34
Sep 1st 2023, 12:05 AM
McGrath tells banks and vulture funds to outline supports for mortgage holders trapped with high interest rates
McGrath says it’s ‘imperative’ the banking industry demonstrates supports for borrowers.
9.9k
26
Aug 31st 2023, 1:37 PM
'I wonder have I failed my family': Readers describe their struggles with mortgage repayments
A report by
Jane Matthews
We asked readers how higher mortgage interest rates are impacting them.
44.0k
54
Aug 10th 2023, 12:05 AM
Sinn Féin say mortgage interest relief for homeowners ‘can’t wait until Budget’
Opponents of mortgage interest relief argue that it is unequitable and favours homeowners at a time when renters are signficantly more exposed to high housing costs.
17.2k
36
Aug 1st 2023, 3:20 PM
Analysis: Government and the Central Bank can take steps to free the 60,000 mortgage prisoners
Mark Coan of Money Sherpa says more needs to be gone at the regulatory level to help those in insecure mortgage positions.
16.8k
3
May 14th 2023, 7:30 AM
All time
Almost 40,000 people sign petition demanding government takes more action against vulture funds
The petition includes demands such as the scrapping of investor tax breaks.
17.4k
27
Oct 5th 2021, 4:58 PM
Opinion: I've returned to Ireland, I'm an entrepeneur on a good living - I can't afford a home
Eoin Hayes returned to Ireland after years abroad, set up his own business and now rents. He says he cannot get near the property ladder.
89.2k
81
Updated
Sep 2nd 2021, 10:30 AM
'I'm not sure TDs were fully informed': High Court Master highlights issues with Covid legislation on vulture funds
Judge Edmund Honohon questioned why a sunset clause was not set out in the emergency legislation.
31.1k
15
Jun 15th 2021, 6:15 AM
Quiz: How much do you know about cuckoos and vultures?
Don’t get in a flap about this.
32.9k
5
May 22nd 2021, 10:00 PM
Donohoe says government's new housing measures will act as 'strong deterrent' to cuckoo funds
The opposition, however, doesn’t agree and the plans have been described as a “too little, too late”.
10.7k
74
May 19th 2021, 11:43 AM
Opinion: 'The consequences of turning a deaf ear to voters on housing are political dynamite'
Dr Lorcan Sirr and Orla Hegarty say that to understand the current housing crisis, you must first learn of the history of housing provision in Ireland.
22.9k
62
Updated
May 14th 2021, 11:19 AM
Vulture funds are 'preying on the misery and distress' of farmers
The Tánaiste said if people borrow money, they have a responsibility to pay it back.
23.3k
48
Nov 26th 2020, 3:03 PM
So-called vulture funds and non-bank lenders to allow three-month mortgage break over Covid-19 outbreak
The Central Bank said this evening that there was no impediment to providing the three-month payment breaks.
24.3k
41
Mar 19th 2020, 6:58 PM
Ulster Bank sells off nearly 4,000 of its customers in massive family home loan book sale
90% of the loans due to be sold are family homes – about 3,200 accounts.
28.5k
92
Jul 2nd 2019, 7:12 PM
Taoiseach asks for details about letters sent to mortgage-holders demanding full payment of arrears within 30 days
Taoiseach has said it is now time for to review the tax treatment of vulture funds.
33.3k
50
May 21st 2019, 8:41 PM
Taoiseach says he didn’t realise his mortgage could be sold on by his bank when he took it out in 2003
In an interview with TheJournal.ie this week, the Taoiseach said he understood the intent behind Sinn Féin’s No Consent No Sale Bill.
116k
83
Apr 19th 2019, 6:10 AM
Concerns over letters sent to mortgage-holders demanding full payment of arrears within 30 days
The Central Bank is aware that a regulated entity has written to a number of buy-to-let borrowers in arrears.
117k
110
Apr 13th 2019, 8:30 AM
'Cuckoo funds' shutting out first-time buyers and operating tax-free need urgent review, says FF
Corporate investors known as so-called ‘cuckoo funds’ have spent over €1.1 billion on nearly 3,000 residential properties in Ireland last year
20.3k
39
Apr 9th 2019, 3:29 PM
Finance Minister says he wouldn't mind if his mortgage was held by a vulture fund
The minister said the Sinn Fein Bill to give mortgage holders the power to block the sale of their loans to vulture funds is unconstitutional.
19.0k
97
Apr 3rd 2019, 6:59 PM
'The banks are dictating what happens': TDs say government relying on 'constitution' card to block vulture funds Bill
Officials were quizzed about their assertions the Bill is unconstitutional and would result in higher mortgage interest rates.
15.0k
35
Apr 3rd 2019, 6:15 AM
Central Bank to scrap code of conduct for banks on the transfer of mortgages as it's 'not relevant'
Sinn Féin’s No Consent, No Sale Bill aims to puts the code on a statutory footing.
30.5k
35
Apr 2nd 2019, 12:05 AM
UN says Ireland applies 'preferential tax laws' to vultures funds and it 'cannot continue'
The report states that “landlords have become faceless corporations wreaking havoc with tenants”.
28.5k
52
Mar 27th 2019, 2:13 PM
High Court Master says case could be taken against Ireland over special tax treatment given to vulture funds
Edmund Honohan has said there are many similarities to be drawn with the Apple case being taken.
26.4k
37
Mar 23rd 2019, 8:30 AM
Taoiseach told that 'banks are as aggressive and as arrogant as the time of the crash'
Fianna Fáil TD John McGuinness told the Taoiseach that people are crying out for help.
39.0k
54
Mar 3rd 2019, 6:00 AM
Bill which aims to force banks to ask for permission before selling mortgages to vulture funds passes in the Dáil
The Bill puts into law what already exists at the moment as a voluntary Central Bank code
39.7k
76
Updated
Jan 31st 2019, 6:14 PM
Opinion: Sound the alarm - a proposed EU directive on bad loans will give vulture funds a free rein
A proposed new EU Directive aims to develop a secondary market for non-performing loans and poses a serious threat to the rights of borrowers and consumers, writes Matt Carthy.
18.9k
60
Jan 24th 2019, 7:00 AM
'It's your job to call the vulture funds out': High Court Master pens letter to Micheál Martin
Edmund Honohan urged the Fianna Fáil leader to support a piece of legislation he wrote that is currently before the Dáil.
57.4k
74
Jan 11th 2019, 6:15 AM
Almost 7,000 loans in arrears held by 'unregulated loan owners'
Unregulated loan owners hold 17% of all mortgages in arrears over 720 days.
22.5k
77
Dec 20th 2018, 12:05 AM
Taoiseach vows to close loophole that allows €1.3bn mortgage 'vehicle' not to pay tax
Last week, PTSB bank bosses confirmed that the ‘special purpose vehicle’ which more than 6,000 of its mortgages have been transferred to will be exempt from tax.
34.5k
48
Dec 11th 2018, 7:19 PM
Central Bank to track a 'critical mass' of restructured mortgages that are due to come up for review
Finance Minister Paschal Donohoe said there will be no change to the code of conduct, as it is working effectively.
14.2k
28
Nov 13th 2018, 10:16 PM
343 homes repossessed over mortgage arrears during second quarter of 2018
Tens of thousands of people are still feeling the effects of the mortgage crisis ten years later.
37.1k
84
Sep 7th 2018, 5:50 PM
Finance Minister says it's up to PTSB if it wants to appear before the finance committee over loan sale
Last month, PTSB sold its controversial Project Glas loan portfolio to an affiliate of the so-called vulture fund Lone Star for around €1.3 billion.
7.3k
21
Sep 6th 2018, 6:15 AM
Mortgage-holders caught up in PTSB loan sale to be invited to tell of the turmoil it has caused
Sinn Féin’s finance spokesperson Pearse Doherty said a full committee session should be dedicated to the loan book sale.
17.5k
43
Sep 4th 2018, 6:40 PM
'Mary' is recovering from cancer and her mortgage - in €29k arrears - has been sold to a vulture fund
‘Mary’ has been out of work since her cancer diagnosis. She had no idea her mortgage was to be sold to a vulture fund.
44.1k
99
Aug 18th 2018, 6:30 AM
'We own some of the banks, but we don't run the banks': Minister says government can't stop vulture fund sales
Questions have been mounting as to where Finance Minister Paschal Donohoe is in the midst of this summer’s vulture fund sell off.
16.6k
102
Aug 14th 2018, 7:31 PM
Shane Ross: 'I'm sorry some people will lose part of their front gardens, but it's in the national interest'
In an interview with TheJournal.ie, Shane Ross also says the government needs to have more of a say in State-owned banks.
48.5k
59
Aug 6th 2018, 6:05 AM
PTSB sells thousands of home loan mortgages to vulture fund
A total of 7,400 are owner-occupier mortgages, while 3,300 are buy-to-let properties.
39.8k
136
Jul 31st 2018, 8:10 PM
A 'difficult decision': Ulster Bank confirms it will sell 6,500 mortgages in arrears
Around 3,600 of the mortgages are private dwellings that have fallen in arrears.
22.0k
83
May 10th 2018, 8:47 PM
'There's power in community': Farmers urged to boycott forced sales of farms by vulture funds
The IFA has been contacted by around 200 farmers impacted by the issue so far this year.
15.9k
46
Apr 25th 2018, 12:56 PM
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