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

Mr. Stephen Mason:

We would have had a conversation with the customer beforehand about paying what he or she could. If we subsequently find that the customer can only pay €50 per month, that is what he or she pays. The customer must have a reasonable standard of living and his or her circumstances change after the property has been voluntarily surrendered. We take all of that into account and, in terms of maximising recoveries-----

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