Family homes on offer under Nama mortgage scheme

Nama is stepping up efforts to entice buyers back into the property market with the launch of a new deferred payment scheme.

A total of 115 properties, typically family homes, are being offered under the scheme which will see Nama protecting buyers from decreases of up to 20% in the value of the property over the next five years.

More than half of the properties are in Cork, with the remainder in Dublin and Meath. If successful, the scheme may be extended to 750 properties nationwide.