Vulture fund Pepper Finance is forced by court to offer 0.5pc mortgage interest rate to separated mother

Ruling ‘gives hope’ to those struggling with their arrears

A vulture fund has been forced by a court to give an insolvent homeowner a long-term mortgage interest rate of just 0.5pc.

Shane Phelan

A vulture fund has been forced by a court to give an insolvent homeowner a long-term mortgage interest rate of just 0.5pc.

The rate, which was fixed for 17 years, is a fraction of anything available in the market.

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