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

4:30 pm

Photo of Fidelma Healy EamesFidelma Healy Eames (Fine Gael) | Oireachtas source

Never mind the specific case, what I am saying is that if it is happening here, it is happening with others. I accept that everything is dealt with on a case by case basis but I wrote to the Governor of the Central Bank about this case. The Central Bank gave me specific guidelines on age. In certain conditions, if there was income to support it, a person might be let go to 70 or a little over but never over 80. The proposal that Ulster Bank made, which it described as sustainable, actually contradicted and went against Central Bank guidelines.

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