Oireachtas Joint and Select Committees

Thursday, 10 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland

10:30 am

Mr. Richie Boucher:

That is not permitted. The property has to be separately valued by means of an independent valuation process. Our primary focus is on the income capacity of the customer rather than the LTV requirement. The primary focus of our underwriters is the income multiple.

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