No comfort for Ireland's buy-to-let investors

 

 

Struggling home-owners will have got cold comfort from KBC, the Belgian-owned Irish mortgage company today.

Its chief executive made it crystal clear it would not be following Bank of Scotland's lead by offering capital write-offs for those unable to meet their payments.

Bank of Scotland was one of the most aggressive lenders in the residential market and last year exited Ireland altogether in a bid to cut its losses.

 

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