There is more bad news for mortgage holders at Permanent TSB as the bank have revealed they are to sell off a further 6,000 non-performing loans.
In a move that will see a total of €1.3bn wiped off the banks balance sheet, mortgage holders will be left fearing the worst as their loan could be potentially sold off to a vulture fund.
In an announcement made this afternoon, PTSB say they have reached an agreement to sell off loans to Pepper Finance.
It is understood that all loans being sold are that belonging to family homes.
PTSB say they will be writing to all those affected within the coming weeks ahead.