Latest: Minister moves to reassure mortgage holders as bank prepares to sell loans to vulture fund

Latest: The Social Protection Minister Regina Doherty has said that legal people still have protection even if their mortgages are sold to a so-called 'vulture fund'.

Update 4.10pm: The Social Protection Minister Regina Doherty has said that legal people still have protection even if their mortgages are sold to a so-called 'vulture fund'.

Permanent TSB plans to sell 20,000 distressed loans at a value of around €4bn.