Todays Indo "how to escape the clutches of a vulture"

[CorkHome2022]

How to escape the clutches of a vulture fund – four steps to more financial freedom

When it comes to the housing crisis, society and policymakers understandably focus on the plight of those in their 20s and 30s who are living in their childhood bedrooms or are unable to buy a home because their monthly income is swallowed up by record-high rents.

www.independent.ie

 

[Brendan Burgess]

I don't see anything in that article which would help people.

 

[ClubMan]

Yeah, the four points are:

1. Get proper advice
2. Switch to another lender
3. Consider a credit union mortgage
4. Get a personal insolvency agreement (PIA)

Most people who are stuck simply can't do #2 or #3!

 

[Lostinfin]

I transferred away from Start mortgages (Mars) recently. It took over a year from when I applied to get it over the line. The bank initially declined my application, but I reminded them that I met the criteria outlined below that they had committed to:
https://bpfi.ie/publications/banking-industry-announces-support-measures-for-mortgage-customers/

 

[Dazzler123]

The most helpful and relevant advice is to go to a PIP. Why more people do not do so I do not understand.

 

[ClubMan]

Mortgage prisoners offered new escape route from clutches of vulture funds

Mortgage prisoners are being offered a new option to escape vulture funds that own their loans and charge them sky-high interest rates.

m.independent.ie

Paywalled article but it refers to this product from Núa Money - Núa Freedom:

Núa Mortgages | Digital home financing

Ireland's first fully digital mortgage lender offering a smooth and fast home financing.

www.nuamoney.com