Results 921-940 of 1,760 for speaker:Aideen Hayden

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: On that point, in terms of how borrowers are categorised as, say, non-co-operating borrowers, as Mr. O'Sullivan will be aware, if somebody has been categorised as a non-co-operating borrower, he or she cannot access the insolvency arrangements. How does permanent tsb determine whether somebody is a non-co-operating borrower? For example, in a situation in which I am involved where somebody...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: On that point, I will give a practical example. I am dealing with one borrower who is prepared to make all of the repayments and yet the bank is not prepared to do business because the second borrower will not co-operate. If one had a different situation where, for the sake of argument, one was a mark and the other one was not, the bank would have no difficulty in pursuing the mark, and it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: I apologise for my enforced absence. In regard to the buy to let loan book versus principle dwelling houses, it is not unusual in Germany to offer intergenerational mortgages. Furthermore, many people will trade down when they come to the term of their mortgages. I think the bank should re-evaluate the interest-only option in situations where people are in positive equity. There is also...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: I would like to come back on that and I am afraid I am not in a position to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: Thank you. Unfortunately, I must watch my reputation as well so I must go.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: There may be a Seanad vote shortly so I am not sure I will have the opportunity to use all my time. Perhaps the Chairman will indulge me when I return afterwards. A colleague raised the issue of how the bank treats mortgage customers in positive equity. This arises consistently among this group because day in, day out we deal personally with people in mortgage arrears. Without any...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: Could Mr. O'Sullivan supply it to the committee at a later date?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: I will come to affordability and sustainability. I want that piece of information first. The total number is 5,318. Of all the cases of legal proceedings regarding principal dwelling houses, how many properties were in positive equity? That would be very helpful. Maybe that information could be circulated to all members of the committee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: Am I correct that Permanent TSB would not offer a split mortgage on a property in positive equity because it would be illogical?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: Does the bank or has the bank offered a split mortgage option to borrowers in positive equity?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: Could Mr. O'Sullivan give us a breakdown of the split mortgage options that have been given in such cases?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: Permanent TSB offers interest-only solutions as a short-term option but not as a long-term option. One of the parties who came before the committee at a previous hearing put it to us that there was nothing unsustainable about offering a long-term interest-only option in a positive equity situation where the bank experienced no risk. Why does Permanent TSB not offer a long-term interest-only...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: It states "reduced payments greater than the interest rate".

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: I do not want to be unfair about this but it seems the bank has a much higher proportion of properties in negative equity in its buy-to-let portfolio so there is no loss to it in employing an interest-only option in a position of negative equity. That is why I seek these breakdowns. I want to be able to determine from the figures supplied the breakdown of the entire sheet between properties...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: I am amazed that Mr. Masding says he would deploy that mechanism in a situation where it is not somebody's home but not where it is somebody's home. That is incredible. I would have thought the bank would take a much more generous position where it is somebody's principal residence rather than an investment property. I take what Mr. Masding says. We can rectify this situation by the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: I apologise. I am just conscious that I may have to go for the vote.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB (9 Apr 2014)

Aideen Hayden: I apologise to Mr. Masding for cutting him short. Please continue.

Seanad: Building Control (Carbon Monoxide Detection) Bill 2014: Second Stage (8 Apr 2014)

Aideen Hayden: I welcome the Minister to House. I congratulate Senator Quinn on introducing this Bill. As the Senator and a number of other speakers have said, carbon monoxide poisoning is a major issue. Carbon monoxide kills an average of six people per year in this State. I understand that of the 40 deaths related to fumes, six were related to carbon monoxide poisoning. Statistics in the United...

Seanad: Order of Business (8 Apr 2014)

Aideen Hayden: I support Senator Moran's call for a debate on domestic violence experienced by women and the wider issue of the funding of alternative accommodation, including refuge accommodation, for such women. In 2012, 14,792 people reported to the Women's Aid national freefone helpline that they had experienced domestic violence. Senators dealing with these circumstances will know that one of the...

Seanad: Order of Business (3 Apr 2014)

Aideen Hayden: I want to bring to the attention of the House statistics published by the Insolvency Service of Ireland today. These show the number of agreements that have been reached in regard to debt are significantly lower than expected. In particular, only four out of 320 deals relating to mortgage debt have been successful since the setting up of the service. The time has come to review the...