Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour)
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Now, in your own testimony earlier you said up to 2004 onwards, and mortgages issued after that were going to be, most likely, in negative equity. Now I'm assuming what you're talking about is first time buyers coming in, not people who are taking equity from previous properties, in the main?