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

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

In the limited time I have, and it is relevant to the questions, I want to go back to the practicalities. Mr. Burgess stated 10,000 mortgage holders are paying nothing. Mr. Hall stated 31,500 mortgages are in long-term arrears, with 17,000 of them facing repossession. Mr. Burgess put the figure at 10,000, whereas Mr. Hall put the figure at 17,000. What is the correct figure? I will address my next question to Mr. Burgess. If we had forced repossessions of those 10,000 properties tomorrow, what would happen?

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