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

4:40 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Independent)
Link to this: Individually | In context | Oireachtas source

However, valuation based on rental yield can be checked against the income of an owner-occupier in a similar house. For instance, €70,000 per year times three is €210,000, and times three and a half gives €240,000. These are the brakes that should be applied and they are very simple.