Oireachtas Joint and Select Committees

Wednesday, 2 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: Discussion

2:35 pm

Mr. David Hall:

We should have split mortgage, debt-for-equity and mortgage-to-rent arrangements. In circumstances in which everybody agrees that the property is not sustainable, the residual debt must be dealt with at the time. The other problem with Danske and Bank of Scotland is that they are selling the secondary debt on now.

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