Oireachtas Joint and Select Committees

Thursday, 30 June 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Estimates for Public Services 2016
Vote 1 - President's Establishment (Revised)
Vote 2 - Department of the Taoiseach (Revised)
Vote 3 - Office of the Attorney General (Revised)
Vote 5 - Office of the Director of Public Prosecutions (Revised)
Vote 6 - Office of the Chief State Solicitor (Revised)

9:00 am

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I am suggesting that approximately 12% of principal dwelling homes are in arrears, and that this figure is approximately twice what it would be in a functioning market. Some 85,000 people live in these homes. I would like to hear the Taoiseach's view on how financial institutions are interacting with their clients who are in arrears. I have evidence that they are interacting very badly - worse than heretofore - principally because the asset has increased in value, which means that the institution can get its money back if it repossesses the house. Can we get the Taoiseach's view on the interaction between the financial institutions and their clients who are in arrears?

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