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

3:55 pm

Mr. Stephen Bell:

It would depend on circumstances. What we are looking at is whether the rental income being derived from a tenant is being used to pay the mortgage. If it is not, we have little option but to intervene because otherwise the money would be used elsewhere. If there was a genuine set of circumstances, we would be happy to consider it, but it is not likely to be the case.

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