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

3:30 pm

Mr. Stephen Bell:

Very few at this stage. The approach we decided to take last year was to work with the customer if he or she was able to maintain the repayments, and if he or she was not able to do so, we would appoint a rent receiver who made a commitment that we would not terminate tenancies in buy-to-let properties but we would wait until the tenancy had expired. At this stage we have not enforced possession on many of those cases.