Oireachtas Joint and Select Committees
Tuesday, 9 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
Mr. Shane O'Sullivan:
This is something we have considered in the past. Split mortgages were an advantageous solution for people who were in deep arrears. The rules have changed and there is a lot of difficulty with deep restructures such as split mortgages, meaning they are far less advantageous. This is why fewer splits are being offered than in the past.
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