Oireachtas Joint and Select Committees
Thursday, 10 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector: Quarterly Engagement with the Central Bank of Ireland
Mr. Ed Sibley:
Mortgage contracts for buy-to-let properties in some banks contain a provision that the bank can appoint receivers without necessarily going through the court process and then use the rent-roll to service the mortgage. That is a contractual matter.
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