Lending firm has repossessed 30 homes since 2005

A LENDING company has repossessed 30 homes since entering the Irish mortgage market in 2005, it emerged yesterday.

The company, which has not been named, specialises in the sub-prime market— lending to people who would not qualify for mortgages from the big financial institutions.

MEP Gay Mitchell said giving mortgages to people, normally considered too poor to borrow money, was reaching dangerous proportions in Ireland.