Oireachtas Joint and Select Committees
Thursday, 11 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Property Loans (Project Glas) By Permanent TSB: Discussion
11:30 am
Mr. Shane O'Sullivan:
We engaged with a large number of buy-to-let borrowers about their single property or, if it was appropriate, multiple properties that they had, and we offered them the opportunity to return their property for customers where we felt that this was the best outcome. Just over 50% of those borrowers accepted that proposal.
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