Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Permanent TSB
2:00 pm
Seán Sherlock (Cork East, Labour) | Oireachtas source
There are some specific questions on the buy-to-let, BTL, field, including No. 6, which is about the short-term solutions being provided, and No. 7 which is about the long-term solutions being provided. First, however, I want to deal with question No. 2, which asked the number of BTL mortgages reported as in arrears greater than 90 days as of 30 June. Since 2013, when the bank cited a figure of 5,000, it now has 2,112 BTL mortgages more than 90 days in arrears. What was the mechanism by which the bank arrived at that number?
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