Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

On the economic concession model, which is Ulster Bank's variant of the split mortgage or its alternative to it, the witnesses should explain to the joint committee what happens. In an example of someone who has a €200,000 loan, what would be done by Ulster Bank is that the sum of the capital would be reduced and the interest rate would be reduced. It would then be extended over a 30-year period in a new loan. What would happen to the residual capital and interest that was not paid?