Oireachtas Joint and Select Committees
Thursday, 6 December 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Permanent TSB Mortgage Loans: Discussion
2:00 pm
Gerry Horkan (Fianna Fail) | Oireachtas source
Let us say that the end of the arrangement will be in three years but a substantial amount of the loan was warehoused, let us say from 30% to 60% of the original loan. What will happen in three years? Will the borrowers be offered another restructuring arrangement to extend the period or is it a case that should the borrowers not be able to stump up the lump sum, the house will be repossessed?
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