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
12:50 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
On the buy-to-let sector, I have made the following point to all of the banks. There are many people who are tenants of landlords who owe money to the banks. They are innocent victims in all of this in that they are paying rent to their landlords who have gone bust. The banks have several thousand of these landlords on their books and commenced repossession proceedings in respect of some of the properties concerned. Does Bank of Ireland propose to respect the rights of tenants who faithfully pay their rent and have every right to expect security of tenure and not to be turfed out by receivers appointed by the bank or does it propose to turf out tenants whose contract is not with the bank but with the landlord, which contract they have continued to honour?
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