Ms Julie Sadlier:

It is really bad in the case of older people with very small mortgages and very small repayments who have lost their jobs or are unable to pay them, even on pensions. We see many of these people. Even though the house is not of great value because their mortgage is so small, they are in a worse position than the person who is tanked on their mortgage. If a person's house is worth €100,000 and they owe €30,000 or €40,000 and cannot pay it, they are worse off than the person who owes €300,000.