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
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Basically, as far as the bank is concerned, the criterion is the lease. Could the delegates tell me a little more? If I am reading the figures correctly, 2,675 buy-to-let properties are in arrears. I calculate that in the case of 1,600 of these, letters have been issued relating to rent-receiver or legal proceedings of some kind. This amounts to two thirds of the buy-to-let properties. The tenants could face the possibility of eviction relatively soon.
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