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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