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

11:40 am

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour) | Oireachtas source

Can we put figures on it? For example, if I have a mortgage for €200,000, mortgage-to-rent is not a viable option and the property is worth €150,000, when does the bank enter into an agreement with me on the residual debt of €50,000?

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