Oireachtas Joint and Select Committees

Thursday, 24 November 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Allied Irish Banks

9:30 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Question 5, on page 3 of the questionnaire under the heading of "Voluntary & Legal & Surrender", relates to the issue of family homes. By my calculation, some 5,729 mortgages fall under the categories covered in the first four lines of the box at the top of page 3. The four categories are issuing of a civil bill at the court; civil bill served on the borrower; court hearing in progress; and, order granted for repossession. It seems to me that the number of mortgages at such advanced legal stages on the path to repossession is quite high. I assume that the 1,788 mortgages referred to in the following box are separate and are not included in the 5,729 mortgages referred to in the box at the top of the page.

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