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

4:00 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

I am not an expert on banking. I understand that other institutions deal with debt write-down and allow people to remain in their homes, which is the same conundrum that Mr. Bell raised. It seems that Ulster Bank will only write down the debt when the home is gone.

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