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

The categories in the second box are voluntary sale; voluntary surrender; trade-down; and other solution. If these 7,500 mortgages are added to the 569 mortgages and the 722 mortgages in the previous box, it is clear almost 9,000 properties have been repossessed or, in the majority of cases, are well down the road to being repossessed. Is AIB pursuing this approach as a means of triggering engagement? The number of properties that are well on the road to being repossessed seems very high. I suggest it is much higher than would have been expected.