permanent tsb sells more non performing home loans

Brendan Burgess

Founder
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Permanent TSB has agreed to sell another portfolio of non-performing loans to retail credit firm Start Mortgages, in co-operation with LSF Irish Holdings.

Both companies are affiliates of Lone Star Funds.

The portfolio, which is made up of 1,422 home mortgages and 510 buy-to-let mortgages, has a net book value of €274m.
 
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