AIB’s €1bn sale raises call for focus on landlord loans

A leading mortgage debt advocate at the Free Legal Advice Centres, Flac, has called for a new focus on the link between the housing crisis and the sale of distressed landlord loans to vulture funds.

It comes as AIB announced its second sale in less than a year of non-performing buy-to-let loans to vulture fund Cerberus, as the bank complies with regulators’ demands for Irish and other euorozone banks to cut the number of underwater loans on their books.