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

1:30 pm

Mr. Richie Boucher:

It depends. There are two factors, one of which is that a much bigger proportion of our mortgage book in the UK is buy-to-let. I wanted to point out that in a normal market, based on our experience, repossessions happen, and in our case, with a normalised book in the UK, there are about 600 a year.

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