Sub-prime lenders ‘planning to exit Irish market soon’

SUB-PRIME lenders are not interested in restructuring mortgage repayments with customers as they are planning to exit the Irish market, it has been claimed.

The claims come ahead of preparations to launch a campaign to stop evictions and house repossessions.

David Hall of New Beginning — a group set up by lawyers to assist mortgage holders threatened with repossession of their homes — yesterday accused sub-prime lenders of refusing to accept realistic offers.