Michael McGrath tells banks to help those whose mortgages have been sold to vulture funds

Finance Minister was speaking to a private Fianna Fáil meeting. File picture: Niall Carson/PA

Finance Minister Michael McGrath has asked the main banks to come up with solutions to help people whose mortgages have been sold to vulture funds.

Mr McGrath told a private Fianna Fáil meeting that he has also asked the Central Bank to look into the high mortgage interest rates being charged by non-bank sector companies such as Pepper Finance and Mars Capital.