Dáil debates

Wednesday, 20 May 2020

Covid-19 (Finance): Statements

 

3:05 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Considerable protections are in place and have played a role in over 80,000 mortgages being restructured. They have played a role in over 80% of those who are involved in those restructured mortgages and who are meeting new loan terms. For those whose loans have been sold, the protections they have now are unaffected. That said, if we are at the point where a property is being sold, then clearly the procedures and rules in place have not yielded resolution of the issue in a way that works for the person concerned. This leads on to the question on whether public auctions are allowed. To be frank with the Deputy, I do not know the answer to that question, but I know people who do and I will get the answer for her.

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