Dáil debates

Tuesday, 23 April 2013

Topical Issue Debate

Mortgage Arrears Proposals

6:30 pm

Photo of Brian HayesBrian Hayes (Dublin South West, Fine Gael) | Oireachtas source

I will give a commitment to raise the issue with the bank. It is in the banks’ interests to make progress on it. If they are bringing forward solutions that will offer no support to people, we are not going to hit the ambitious and exacting targets we have set in terms of mortgage resolution. As we are so heavily involved in the banks, there is a responsibility on us to make rapid progress on the issue. Already in the first quarter between 3,000 and 4,000 split mortgages have been raised across the institutions, which is good progress. If we see that number rolled out in each quarter of the year, it will make a significant difference to the 100,000 families who are in an appalling situation and whom we are all interested in assisting.

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