Consultant sets up ‘NAMA beag’ for homeowners

A NAMA-style initiative which will attempt to force banks to negotiate with ordinary mortgage holders has been established by a Cork-based consultant.

Retired solicitor Andrew Dillon said it was time ordinary people who had been lent extraordinary amounts came together and forced action.

NAMA Beag will act as a discussion and advisory service for people in negative equity, and who cannot meet their repayment conditions.