Oireachtas Joint and Select Committees
Tuesday, 17 May 2016
Committee on Housing and Homelessness
Free Legal Advice Centres
10:30 am
Mr. Paul Joyce:
That happens in several instances but it appears from the Central Bank figures that there are 6,000 rent receiver cases in place. The receiver is presumably appointed in order to take control of the rent. It assumes that if there is a rent receiver a rent is being paid. It is also the case that some properties are being vacated in order to be sold. Many of those will be in negative equity. That is perhaps also one of the reasons there are several possession orders that have not been executed. They appear to be the figures: just short of 6,000 rent receivers but 1,500 properties repossessed that are buy-to-let mortgages in the past three years.
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