A firm that manages mortgages sold by banks to vulture funds is hitting a number of its customers

A firm that manages mortgages sold by banks to vulture funds is hitting a number of its customers with a huge hike in interest rates.
Debt servicing firm Mars Capital Finance Ireland, which manages problem mortgages sold by banks to vulture funds, has told around 1,400 customers that their variable rates are rising by 1.6 percentage points next month.
Banks have been cutting mortgage rates lately and the European Central Bank is expected to trim its key rate next month.
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www.independent.ie/business/p...

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