Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland

12:40 pm

Mr. Christopher Lehane:

To be honest, when I go into the practical realities of how it arises in a house, the Deputy would be surprised. On the issue of reasonable living expenses, we looked at daft.ie. We look at rental properties, such as four-bedroom houses, in that area and we consider what is a reasonable amount. We assess an amount. If the amount is grossly above - I would say 40% or 30% more - we can say that we fix an amount and we find that the amounts are otherwise paid, because the spouse comes in. However, it is wholly within the reasonable living expenses guidelines and there is no imposition we make on the family that means they cannot have the full reasonable living expenses.