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. Stephen Groarke:

Again, it is not possible to do that on the loan-to-value side but it is possible to do so on the affordability side. Very clearly, if people are able to afford such rent then they are able to afford at least that portion of the mortgage. We call that proven repayment ability. The rent paid goes towards the application but on the affordability side, as opposed to the deposit side.

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