Written answers
Tuesday, 11 February 2014
Department of Finance
Mortgage Schemes
Michael McGrath (Cork South Central, Fianna Fail)
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163. To ask the Minister for Finance if EBS customers will be eligible for participation in the scheme announced by AIB which includes an element of debt write-off for mortgage customers eligible for a new split mortgage; and if he will make a statement on the matter. [6612/14]
Michael McGrath (Cork South Central, Fianna Fail)
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164. To ask the Minister for Finance if AIB customers who are currently subject to an existing split mortgage will be eligible for the recently announced initiative which includes an element of debt write-off for customers who adhere to a split mortgage arrangement; and if he will make a statement on the matter. [6613/14]
Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 163 and 164 together.
I have been informed by AIB that the new split mortgage product will be available to AIB and EBS customers on a case by case basis subject to a full assessment of their financial position. AIB have also informed me that the new split mortgage product will be available to customers who have taken up their existing split mortgage and continue to meet the eligibility criteria.
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