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

2:15 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent) | Oireachtas source

I would like to move on to split mortgages and debt-for-equity procedures. Mr. O'Connor and Mr. Duffy have stated they offer split mortgages were there is equity in the home but do not offer any debt write-down. Where there is negative equity, however, it may be considered. Is that the position?

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