Tánaiste: Central Bank must protect homeowner rights if distressed mortgages sold to 'vulture funds'

The Tánaiste Simon Coveney says it is up to the Central Bank to make sure that, when loans are sold, the contractual rights of homeowners continue to apply.

It has emerged that state-backed Permanent TSB has decided to sell up to 20,000 mortgages of struggling homeowners to international investors or so called "vulture funds".