Oireachtas Joint and Select Committees

Tuesday, 15 April 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB

4:00 pm

Mr. Brendan O'Connor:

I have about 1,000 buy-to-let cases where I have a fixed-asset receiver in place. We have a golden rule that if there is a rental income coming in but it is not being used to pay down the mortgage, we will appoint a receiver.