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

12:40 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Why would mortgage-to-rent not be an option? I presume we are discussing people who are on low incomes or have lost their jobs and are dependent on social welfare. Would Bank of Ireland offer people in such situations a mortgage-to-rent option? Why would they refuse it, why might it not be suitable or what might be the problem?

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