Oireachtas Joint and Select Committees

Tuesday, 8 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Ulster Bank

2:40 pm

Mr. Stephen Bell:

A number of valuations are required by the various parties to establish the price at which it will happen. There are several parties involved with the discussions. It is often a complicated process and we do not want to pressurise customers into making profound decisions when they are under pressure for time. It can be quite a drawn out process with a number of agencies involved, but we are not closed to the idea.