Oireachtas Joint and Select Committees

Thursday, 14 June 2018

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

Matters Relating to the Banking Sector: Permanent TSB

9:30 am

Mr. Shane O'Sullivan:

In the last six weeks. We have a stock of close to 2,000 properties, many of which, as mentioned on the last occasion, were surrendered under the voluntary surrender campaign we offered to buy-to-let customers. The incentive was that in return for the property the shortfall debt is written off. This has led to the bank having a large stock of property. We believe approximately 400 of those properties may be of interest to the housing agency and it is actively looking at them.

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