Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

It is a simple fact that there is a clause in the split mortgage agreements that entitles the bank to terminate the split mortgage agreement at will. That entitlement will carry over to a new loan owner. A vulture fund will be far more likely to terminate a split mortgage agreement than the bank. I think that is undeniable, because a vulture fund does not have a long-term investment horizon or long-term business model. If there is equity in the home, does Mr. O'Sullivan really think a vulture fund would leave €100,000 of the mortgage warehoused for the next 15 years? It would not.