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

4:30 pm

Photo of Fidelma Healy EamesFidelma Healy Eames (Fine Gael)
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They have lost one income and have looked for a sustainable solution. They never stopped paying the mortgage and have always been compliant, although they have had to pay less. They looked for a split mortgage but were told that it was not available. They are now being offered a term extension by Ulster Bank which will put them into their eighties and past their life expectancy. Does Mr. Brown think that is a sustainable solution?