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

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour) | Oireachtas source

What I am trying to work out is whether the fact that the equity is secure influences the bank's decision to put somebody on an interest-only mortgage because it knows that if it sells the property, it will get its money back.

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