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

4:00 pm

Mr. Jim Brown:

From our perspective, it is too early to say. We have seen 50% of the cases re-engage with us. If we look at other markets, and who knows whether this will apply or not but generally speaking, one should end up with around 70% to 75% of cases where legal action has been initiated that people will re-engage.