Oireachtas Joint and Select Committees

Tuesday, 8 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Ulster Bank

3:20 pm

Mr. Stephen Bell:

We will provide that figure subsequently. We would provide interest-only mortgages for buy-to-let situations where the rent being collected on the property is sufficient to cover the interest but not the principal and interest and it seems inappropriate to take further action in those instances.

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