Dáil debates

Tuesday, 8 April 2014

Other Questions

Mortgage Arrears Proposals

3:25 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

The point is that while some progress is being made, there is also a clear increase in the move to repossession proceedings. In the last two months of 2013, there were 3,331 proceedings for repossession, a significant increase the finance committee was told last week. As I already pointed out, there has been no serious effort to offer the mortgage-to-rent option for people on the lowest incomes. Instead, for much of the time, the so-called long-term solutions are just demands for voluntary surrender. There is radical inconsistency across the banks.

Does the Minister intend to let the banks carry on doing what they want to do or does he propose to improve fairness and consistency in this area by intervening more in the process? That is what we called for last week at the Joint Committee on Finance, Public Expenditure and Reform.

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