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

Mr. Liam McLoughlin:

Our attitude is not mercenary. We will respect the lease agreement and the Residential Tenancies Act. In the case of a person who has been in a property for four years, notice periods apply. The bank always abides by these notices, if exercised. We do not tend to act in a mercenary way in that regard. There is in place with our fixed charge receivers a code of governance, the terms of which we ensure are abided by at all times.

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