Non-bank lenders support 3 month Covid-19 payment break –

Non-bank mortgage lenders and credit servicing firms have confirmed that they will support the measures announced by the country’s five main banks yesterday. 

In a statement, the companies – which are members of Banking & Payments Federation of Ireland – say they will offer the same three month payment break for mortgage customers who are impacted by the fallout from the Covid-19 pandemic as that announced by the five main retail banks yesterday.

The companies which represent investors – sometimes dubbed vulture funds – hold just under 100,000 mortgage accounts in the Irish market.

They will also defer court proceedings for three months.

Meanwhile, the Governor of the Central Bank, Gabriel Makhlouf, said there was no impediment to banks introducing three month Covid-19 payment breaks.

The Governor made his remarks in a statement issued by the Central Bank this evening, following a meeting with the five main retail banks to discuss measures to assist customers

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