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

10:40 am

Mr. Stephen Mason:

That is right and their position would be unsustainable. We would not have a forbearance solution available to them. A number of them, as my colleague, Mr. McLoughlin, said, would be involved in the mortgage-to-rent process and we would hope that might be a solution for those and, if not, we would be looking for a voluntary sale or voluntary surrender of the property.

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