Won’t Somebody Please Think Of The Landlords?

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Central Bank governor Patrick Honohan has been thinking about them. And not in a nice way, either.

Banks will have to be more aggressive in repossessing properties in the buy-to let sector, the Governor of the Central Bank Patrick Honohan warned while ruling out a widespread debt forgiveness programme as unaffordable.

Speaking this evening in Limerick, Mr Honohan stressed that although public policy should aim to avoid the repossession of family homes “where this is unnecessary” when it came to investment properties “there are many circumstances in which there is less reason to be inhibited about repossessing”.

Call For ‘Aggressive’ Action On Buy-To-Let Repossessions (Irish Times)

(Mark Stedman/Photocall Ireland)