Oireachtas Joint and Select Committees
Tuesday, 3 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with AIB
2:45 pm
Mr. David Duffy:
Yes. In the second quarter we offered 153 additional split mortgages. To date, we have offered 1,600. What is interesting about split mortgages is that when we offered the first batch of 1,400, 50% were interested and 50% were not. Of the 50% interested, a significant number did not think it was the best solution. In some cases, they were right and in other cases we proceeded with the split mortgage. It is an attractive product and includes no interest on the warehoused portion. That is the level of volume we have done there.
On capitalisation of arrears, 917 were offered in the quarter concerned and a total of 2,570 have been offered in the six months to date. On term extensions, 153 were offered in this quarter and a total of 1,680 have been offered to date. I have a list which I could go through, although I am not sure what figures are of most interest to the Deputy.
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