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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
We discussed mortgage-to-rent earlier with Permanent TSB, and AIB has announced that it is entering an arrangement with the Irish Mortgage Holders Organisation. David Hall of the Irish Mortgage Holders Organisation is on record as saying that he is engaging with other financial institutions about the potential of a similar arrangement with this new housing agency to purchase properties, and the residual debt would be written off with the original owners being able to rent the properties from the housing agency. Is KBC looking at that or is it not interested in it now?
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