Bank move prompts calls for regulation of vulture funds and 'bailout' for mortgage holders

Latest: The government should buy some of the non-performing mortgages being sold by banks, according to People Before Profit.

Update - 5.30pm: The government should buy some of the non-performing mortgages being sold by banks, according to a People Before Profit TD.

Ulster Bank confirmed earlier it plans to sell around 7,000 mortgages - that's on top of the 18,000 to be sold by Permanent TSB.