Oireachtas Joint and Select Committees

Tuesday, 20 June 2017

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

Irish Mortgage Market: Competition and Consumer Protection Commission

2:00 pm

Dr. Cormac Keating:

No, a possession order is not the end of the road. That is why we suggest the introduction of a suspended possession order. That would provide an opportunity to engage. One will find such orders in other jurisdictions. We referenced the provision in the UK. The UK introduced these suspended possession orders. The length of time given by the judge for the lender and the borrower to engage creates this momentum and leads to a positive outcome for all sides.

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