Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

For somebody who is in financial difficulty and in arrears, who goes to the bank there is a tiered structure to deal with them and it can advise what type of product or solution is the best option for them. The bank inputs their data and at that stage it can become clear that a split mortgage is the most desirable outcome for them. When the bank is at that stage and then looks at the value of the house it can then decide, if the house is in positive equity, to withdraw its offer. How can the bank square that circle? If the house is in negative equity a split mortgage would be determined as the best outcome for the people but when it is in positive equity it is simply withdrawn.