Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland: Allied Irish Banks

2:00 pm

Photo of Aideen HaydenAideen Hayden (Labour) | Oireachtas source

I do understand that, but it would be useful to have an average figure for the cases the bank has concluded. It looks like it has offered a write-down in approximately 41% of cases.

Nearly 10,000 of the bank's buy-to-let loans are in arrears for more than 90 days. In Question No. 57 it is stated the bank appoints receivers for buy-to-let properties in certain circumstances and honours the former lease and the PRTB rules and regulations in the residential tenancies Act. I have raised this issue on a number of occasions and there is a lot of concern about the activities of receivers appointed for buy-to-let mortgages. I accept that the bank does honour leases, as it should under the law, the PRTB rules and the regulations in the residential tenancies Act, but does it have any service level agreement with the receivers appointed by it covering how they behave, particularly towards tenants? We are aware of tenants being treated appallingly.

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