Oireachtas Joint and Select Committees

Tuesday, 21 May 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector (Resumed): KBC Bank

Mr. Brendan Mahon:

Receivers are typically for buy-to-let properties. In some PDH cases the original borrower has vacated and there may be tenants involved where the property rented out. In those circumstances a receiver may be appointed but that would not normally be the case for a PDH loan.