Oireachtas Joint and Select Committees
Thursday, 17 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Resolution of Non-Performing Loans: Discussion (Resumed)
10:00 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Let us look at the analogy. We will take a family who, as a result of both partners losing their jobs, have paid nothing or a small amount for two and a half years. They then make the full repayment for the next two and a half years or longer over a ten year period. In the statistics suggested by Mr. Burgess, this family's home should be repossessed at a point where they may be making their full mortgage repayments and may have been paying a proportion of their mortgage for a period.
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