Oireachtas Joint and Select Committees
Wednesday, 2 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: Discussion
2:35 pm
Mr. David Hall:
We should have split mortgage, debt-for-equity and mortgage-to-rent arrangements. In circumstances in which everybody agrees that the property is not sustainable, the residual debt must be dealt with at the time. The other problem with Danske and Bank of Scotland is that they are selling the secondary debt on now.