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

3:40 pm

Mr. Stephen Bell:

I do not believe that is correct. We provided facilities for customers so they could own their own homes in their entirety at the end of the mortgage terms. That is still our intention. At the end of the term, the house will be worth what it is worth; it has nothing to do with the affordability of the loan in the interim, during which we will help the mortgage holder to the fullest of our ability.

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