Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I appreciate what Mr. Sibley is saying. We have a sale by a main bank in this State to a vulture fund. It involves buy-to-let mortgages that were in arrears. The bank could do the same thing in the morning. It could have done exactly the same thing but it has not done so. However, I understand the vulture fund is doing so. Contractually, the fund has the right to instruct the borrower to settle the arrears within 30 days or it will appoint a receiver over the properties. That is why people do not want their loans sold to vulture funds.