RTE are reporting that PTSB and BOI have been given permission to offer negative equity mortgages allowing people in negative equity to move. (http://www.rte.ie/news/2012/0215/presswatch-business.html)
Isn't it the bank that set their lending criteria and haven't they already been letting people move in negative equity in limited circumstances?
Isn't it the bank that set their lending criteria and haven't they already been letting people move in negative equity in limited circumstances?