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
3:00 pm
Regina Doherty (Meath East, Fine Gael)
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No, 13 families were involved in voluntary surrenders. I referred to a figure of 123 people. I understand that 13 families informed Ulster Bank they were leaving their homes and surrendered their keys. However, 123 families approached the bank because they did not see a sustainable solution and decided to have Ulster Bank sell their home and work out a deal for the outstanding debt after the sale. One assumes a person who reaches that point will have exhausted all available options. In how many of the 136 cases - or 123 cases if one wishes to split hairs - were split mortgages or mortgage-to-rent arrangements offered? In how many of these cases were the various other options in Ulster Bank's toolbox considered as a means of assisting families to stay in their homes?