Pádraig Mac Lochlainn (Donegal North East, Sinn Fein) | Oireachtas source

No problem Chairman, but I will take as long as everybody else.

I have correspondence from a personal insolvency practitioner regarding the issue of split mortgages. Many of the banks seem to have gone down the road of the split mortgage, but when the borrower reaches 70 years of age, they then try to recoup the warehoused section of it. However, it is a concern that they expect people to live on these "reasonable living expenses" over that period of time. It was imagined that this would only be for a short period of time in terms of bankruptcy. What is the view of the ISI on that?