Permanent TSB sells buy-to-let portfolio to Citibank

The portfolio is worth around €1.2 billion

Permanent TSB are selling their Buy-To-Let mortgages portfolio to Citibank London. Picture:  Denis Scannell

Permanent TSB has agreed the sale of a portfolio of performing Buy-To-Let mortgages to Citibank London.

Permanent TSB will sell around 3,700 Buy-To-Let loan accounts to Citibank London, the UK branch of the United States company.