Vulture funds own 25% of most indebted loans

Vulture funds now own the loans of more than a quarter of the country’s most indebted mortgage holders, in long-term arrears of more than two years.

New figures released by the Central Bank show that more than 13,000 mortgages in arrears of two years or more are now owned non-bank entities, more commonly known as vulture funds.

This represents 26% of all accounts in arrears of two years or more. Of the 13,000 loans, more than seven in 10 relate to owner-occupiers.