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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