Oireachtas Joint and Select Committees

Thursday, 5 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with Permanent TSB

10:30 am

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

However, in the residential sector, the resolutions Permanent TSB brought in this morning, no matter what they are, must be concluded and ended before someone hits retirement. Am I correct in this regard? Am I correct that the guidelines issued to the bank by the Central Bank are that no matter what, the mortgage must be dealt with and not be outstanding by the time someone reaches retirement age?

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