Oireachtas Joint and Select Committees
Wednesday, 4 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Ulster Bank
1:55 pm
Mr. Jim Brown:
Yes. We have shared our views with the Central Bank. I support the Chairman's comment. Let us suppose someone has a relatively small payment to make. For example, if a person is in positive equity and the cost of the mortgage is lower than renting, then my personal view is that is a sustainable solution for the customer. Having said that, it needs to be worked through on a customer-by-customer basis.
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