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Vulture funds increase interest rate on mortgages

The Student · 2019-12-12 08:23:27

Will be interesting to see how this plays out. https://www.independent.ie/business/personal-finance/property-mortgages/vultures-hit-owners-with-interest-rate-hike-to-test-how-they-react-38777192.html

12-12-2019 8:23am

#1

The Student

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Will be interesting to see how this plays out.

https://www.independent.ie/business/personal-finance/property-mortgages/vultures-hit-owners-with-interest-rate-hike-to-test-how-they-react-38777192.html

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#2 12-12-2019 10:03am

Graham

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Difficulty in repossessing property causes upward pressure on interest rates.

I don't think that's unique to the funds.

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#3 12-12-2019 10:12am

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.....and reflects the fact that vultures now realise that they overpaid for loan portfolios.

Watch now as a bunch of uninformed, slack-jawed troglodytes come barging in saying "well they should have to live with the consequences of their bad decisions" while completely oblivious to the fact that

Many of the mortgages are understood to be in default

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