Mortgage holders ‘not fully informed of their rights’

The Government has been criticised for failing to fully inform struggling mortgage borrowers of their rights and protections as concerns emerge over so-called vulture funds buying up Irish loans.

The Master of the High Court, Edmund Honohan, made the comments as he said mortgage holders must be prepared to fight for their rights in the courts amid any moves to alter loan arrangements.

In an interview with the Irish Examiner, he addressed the sale of over 13,000 Irish Nationwide home mortgages which will be completed by the end of this month.