Oireachtas Joint and Select Committees

Thursday, 28 September 2017

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

Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank

9:45 am

Mr. Shane O?Sullivan:

In terms of the 787 figure, the key word is "voluntary".

The buy-to-let customers worked with us to sell the property to get the best price or alternatively they returned the keys and asked that we sell the property on their behalf. We appoint a managing agent to work with tenants where tenants are in place in the case of a voluntary surrender. We abide by the lease and the Residential Tenancies Board, RTB, guidelines. We honour our commitments and work with the tenants.

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