Paul Murphy (Dublin South West, Socialist Party) | Oireachtas source

The Governor said the Central Bank recently updated the sustainability guidelines to include guidance on instances in which sustainable solutions may extend into the borrower’s retirement. Does this mean mortgage arrears follow people to their grave? A high percentage of people with 35 or 40 year mortgages are exiting interest-only arrangements at this stage. What does that mean in practice? For how long does an arrangement that is deemed to be sustainable last?