Stephen Donnelly (Wicklow, Independent) | Oireachtas source

AIB could make the assessment that the prospective retiree whose income is about to halve will have no income left to service interest or capital. On this basis, if €100,000 is owed, the bank would take a stake in the individual's estate to this value, subject to interest at 3% or 4% per year, or whatever the standard variable rate was. Thus, it would not return to the retiree while he or she was alive for the €100,000. Is that correct?