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

Mr. Jim Brown:

The issue in terms of guidelines is that if the customer is over 70, the loan is not deemed sustainable anyway. What we will do is seek to put the right solution in place, regardless of the person's age, so that the loan is viable. Just because someone has reached 70 years of age, in our view, does not mean that we should call up the loan or take legal action.