Varadkar offers ‘toxic asset’ to NAMA

IF you can’t beat them, join them.

After months playing the role of taxpayers’ hero against the villain bankers and developers, Fine Gael’s Leo Varadkar has decided to challenge them at their own game by offering to sell his apartment to the National Assets Management Agency (NAMA).

If, as a mortgage holder in negative equity, his home is treated like the investment properties of the big developers, he should get €420,000 for an apartment worth €250,000.