Mars Capital has informed 1,400 prospects their charges are rising by as much as 1.6 proportion factorsSome debtors have been informed their mortgage charges at the moment are as excessive as 9pcIndividuals whose loans have been offered to vulture funds say they’ve been forgotten by the Central Financial institution and by the Authorities
A agency that manages mortgages offered by banks to vulture funds is hitting quite a few its prospects with an enormous hike in rates of interest.
Debt servicing agency Mars Capital Finance Eire, which manages drawback mortgages offered by banks to vulture funds, has informed round 1,400 prospects that their variable charges are rising by 1.6 proportion factors subsequent month.