Hopes mortgage deal will spread

Mortgage campaigner David Hall is hoping to replicate the buy-and-rent back deal he has done with AIB with the State’s other major homeloan providers.

The enhanced mortgage to rent scheme is a joint initiative between AIB, EBS, Haven, the Irish Mortgage Holders Organisation (IMHO) and social housing organisation iCare.

Under the deal, AIB will sell hundreds of homes where the mortgages are in severe arrears to iCare, which is fronted by mortgage campaigner David Hall. AIB is understood to have provided financing in the region of €100m to social housing organisations to buy the properties.