Oireachtas Joint and Select Committees

Wednesday, 9 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB

11:10 am

Photo of Aideen HaydenAideen Hayden (Labour) | Oireachtas source

Permanent TSB offers interest-only solutions as a short-term option but not as a long-term option. One of the parties who came before the committee at a previous hearing put it to us that there was nothing unsustainable about offering a long-term interest-only option in a positive equity situation where the bank experienced no risk. Why does Permanent TSB not offer a long-term interest-only solution where the borrower is in positive equity?

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