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

1:35 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I apologise for being in and out of the meeting but I had to go elsewhere to talk about something else.

In the first instance, I wish to ask the witnesses about the buy-to-let sector and Mr. O'Connor's comments on the majority of buy-to-lets in arrears.

I think if I heard Mr. O'Connor correctly, he said that 90% of buy-to-let properties could ultimately end up repossessed, or is it just those that have gone down the legal road?

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