Oireachtas Joint and Select Committees

Wednesday, 2 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: Discussion

3:15 pm

Ms Noeline Blackwell:

I would do three things. I would provide for an objective system of appeal - outside the banks - against unfair decisions or solutions proposed by banks. I would beef up the mortgage to rent scheme. I would put in place an insolvency regime for people on low incomes, as this would crystallise in the minds of the banks what they need to do to come to decent solutions.