Advertisement

AUDIO: Distressed AIB borrowers could benefit from partial debt write-offs

Distressed AIB borrowers could benefit from new arrangements the bank is designing, that will inc...
Newstalk
Newstalk

07.46 5 Feb 2014


Share this article


AUDIO: Distressed AIB borrower...

AUDIO: Distressed AIB borrowers could benefit from partial debt write-offs

Newstalk
Newstalk

07.46 5 Feb 2014


Share this article


Distressed AIB borrowers could benefit from new arrangements the bank is designing, that will include partial debt write-offs.

It's understood the bank will select customers who qualify for the new product, from a group who come to split mortgage arrangements with them.

It's also expected that borrowers who already have a split mortgage arrangement with AIB can be transferred to the new product and benefit from having part of their debt written off.

Advertisement

David Hall of the Irish Mortgage Holders Organisation hopes other lenders will follow AIB's lead:


Share this article


Read more about

News

Most Popular