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
4:40 pm
Peter Mathews (Dublin South, Independent) | Oireachtas source
However, valuation based on rental yield can be checked against the income of an owner-occupier in a similar house. For instance, €70,000 per year times three is €210,000, and times three and a half gives €240,000. These are the brakes that should be applied and they are very simple.
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