PTSB initiates legal proceedings against 1600 customers
The country's largest mortgage lender says it's initiated legal proceedings against 1,600 mortgage holders. Permanent TSB says that figure doesn't include the number of mortgage customers who have been sent warning letters of possible legal action. Executives from the bank are attending the Oireachtas finance committee this morning. The bank's managing director Shane O'Sullivan says the bank doesn't consider a legal letter as a 'solution' to a mortgage problem: Press PLAY button above to listen to the audio
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