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

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

That is what I want to clarify. I am dealing with cases on this issue. I cannot recall whether any of them deal with Ulster Bank. It is a pity I did not check before coming here today. The people I am dealing with receive a letter telling them rent receivers are taking over and that they are out. Under the residential tenancies legislation, there is supposed to be a four-year cycle once one is a tenant for six months, I believe. The bank should have to honour that. The banks can get around it by saying they are going to sell the property. What is the attitude of Ulster Bank in such circumstances? I want to hear that the bank's attitude is such that tenants will not be turfed out if they have nowhere else to go.

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