‘Banks don’t need permission to sell houses to vulture funds’

The Government has distanced itself from the sale of tens of thousands of homes to vulture funds.

It claims that banks do not need the consent of the finance minister to offload properties.

Tánaiste Simon Coveney has told the Dáil that Permanent TSB has been forced to sell 20,000 homes to vulture funds, as its non-performing loan ratio is one of the highest in the eurozone.