Mars Capital has told 1,400 customers that their rates will increase by up to 1.6 percentage pointsSome borrowers have been told their mortgage rates are now as high as 9%People whose loans were sold to vulture funds say they have been forgotten by the Central Bank and the government
A company that manages mortgages sold by banks to vulture funds is hitting some of its customers
A company that manages mortgages sold by banks to vulture funds is hitting some of its customers with a huge interest rate hike.
Debt servicing company Mars Capital Finance Ireland, which manages problem mortgages sold by banks to vulture funds, has told around 1,400 customers that their variable rates will rise by 1.6 percentage points next month.