Doherty glad as split home loans binned
Pearse Doherty SINN Fein yesterday welcomed a move by Permanent TSB to remove 4,000 split mortgages from thousands of its loans.
The finance spokesman said it was proof political pressure can bring about better results.
But he added serious questions remain about how the lender’s mortgages fell foul of European Central Bank rules.
Pearse Doherty TD said: “I reiterate my opposition to the sales process in totality especially the sale of any family homes to [vulture funds].
“Matt Carthy MEP and I will continue to question the ECB on its approach but it is clear to me the root of this problem was Permanent TSB’S own split mortgage product design.”