Oireachtas Joint and Select Committees

Wednesday, 9 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB

11:20 am

Mr. Shane O'Sullivan:

With cases like that, our default position is that lending into retirement on the family home is fraught with risk because, generally, one can assume a pensioner of 65 or 66 will have less income than he or she had when in employment.