Oireachtas Joint and Select Committees

Wednesday, 3 December 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion

4:40 pm

Photo of Aideen HaydenAideen Hayden (Labour) | Oireachtas source

Does that not come to my point? They buy the asset, as Ms Murphy puts it, with a view to moving it on when the economic circumstances improve. Like I say, the market is improving so house prices are rising. The difficulty here is that the asset is my home. Their profit lies in turning over my home which boils down to getting it out of my possession and onto the market.

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