Another day, another 4,000 Irish mortgage holders seeing their debt change hands. This Friday, Ulster Bank and Dilosk announced that the bank had agreed to sell the last of its loans as it exits the Republic of Ireland to ICS Mortgages, the residential lending arm of Dilosk, subject to regulatory approval. The two parties have said the value of the portfolio was around €400 million, which works out as an average of €100,000 per borrower. These are loans secured on people’s homes, many of which have numerous years of repayments ahead of them. This latest deal adds to the consistent…

Special Six Nations offer

Become an annual member today for €200 and receive a free copy of ‘From Rags to Riches; The Irish Men’s Team in the Professional Era’ by Feargal O’Rourke

Subscribe

Cancel at any time.

Are you already a member? .