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
1:05 pm
Mr. Brendan O'Connor:
I do not know. We do not look at positive equity and the work is based purely on affordability. We do not offer a split mortgage to somebody in positive equity because, from a fiduciary perspective, we do not write down debt that is recoverable. Therefore, one does not get a split if one is in positive equity.
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