PTSB loans move could deliver reprieve for thousands of homeowners

Bank seeks regulatory approval to pull €900m of loans from massive portfolio sale

Permanent TSB is seeking regulatory approval to reclassify €900 million of restructured mortgages as performing loans. That would allow the lender to pull the debt from a massive portfolio sale.

It would deliver a reprieve for borrowers behind 4,300 homes from having their loans sold on – most likely to overseas funds – as the bank seeks to resolve its bad-loans problem a decade after the financial crisis began.

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