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
12:00 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
If we proceed on the basis of Bank of Ireland's figure that nine out of ten customers with principal dwelling home mortgages are offered sustainable solutions and that legal proceedings and assisted voluntary sales account for more than 60% of all mortgages, how can the bank have offered long-term solutions to nine out of ten mortgage holders if in respect of more than 60% of the mortgages under consideration the borrowers have either agreed to sell the house or are now facing legal proceedings?
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