Dáil debates
Wednesday, 6 December 2023
Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation
1:10 pm
Bernard Durkan (Kildare North, Fine Gael) | Oireachtas source
I again raise the question of the so-called vulture funds that are proceeding at a rapid pace to repossess people's homes and businesses in a way not seen before. From their point of view, there is a great urgency to capitalise on the situation given that house prices and property prices are so high, even though the borrowers have kept up regular payments over a number of years. The lenders are now using obscure legislation to sell people's homes and businesses without having to go to court or to take any other measure. Could the Central Bank be asked to intervene or to evaluate the situation?
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