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

4:10 pm

Mr. Stephen Bell:

There has been relatively little interest from the mortgage holders of buy-to-let properties. Perhaps they have seen that there is no gain at the end of the process and, therefore, they are more than happy to let rent receivers be appointed and go through that process. We have had few expressions of interest in alternative solutions.