‘Traitorous behaviour’ shown by banks putting people out of homes

Banks are committing to spending up to €1bn in “putting people out of family homes”, it has been claimed.

The Association of Personal Insolvency Practitioners said banks and vulture funds have given the “two fingers” to the Government while pushing forward with a repossession spree.

Its chairman, Eugene McDarby, said despite the Government’s efforts to address the mortgage arrears crisis by introducing the Abhaile scheme, banks are still refusing viable restructuring proposals designed to keep people in their homes.