Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

It is the clear objective of the Government that persons in mortgage distress should continue to live in the family home and that from the range of solutions available, solutions other than repossession should apply. It is also true that unless repossession is part of the legal system, there will be no mortgage market because nobody will lend unless there is legal potential to realise the collateral. It is part of the legal system. The Government’s relationship with each bank differs.

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