Results 2,261-2,280 of 49,836 for speaker:Stephen Donnelly
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: Would Ulster Bank be happy to offer on buy-to-let in the same way it does in respect of family homes?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: Am I right in believing that the mortgage arrears department has been moved to Scotland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: How many staff does the bank have in the Republic who are available to sit down face to face with borrowers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: Is Mr. Brown satisfied that customers in arrears in the Republic have reasonable access to a person for a face-to-face meeting?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: I wish to revert to the personal insolvency arrangement, PIA, issue. Am I right in believing that Ulster Bank would veto any PIA that included a proposal to write down part of the secured debt?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: I understand that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: If we used our imaginations and a personal insolvency practitioner, PIP, proposed a write-down as part of a PIA, would Ulster Bank veto that proposal?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: That is because they know Ulster Bank will not accept it. Let me ask the question in a different way.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: In Ulster Bank’s opinion. Let me ask the question in a different way. Would Ulster Bank ever accept a PIA that included a mortgage write-down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: I know, but will the witnesses answer my question? It is a simple "Yes" or "No" question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: I understand the caveats. I just wanted confirmation. There has only been one mortgage-to-rent case. The process was difficult. Has Ulster Bank refused customers seeking mortgage-to-rent deals?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: Could anything obvious be done to the scheme to make it more attractive for Ulster Bank and its customers?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: We have asked about specific solutions, but is Ulster Bank considering other solutions it would like to share with the committee?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: One of the complaints I often hear, particularly from the groups that attended our meeting last week and that help mortgage holders, is that, when banks make offers, they are under no obligation to explain why they have made those offers. Typically, they do not explain. The customer simply gets a complex letter. When Ulster Bank makes offers-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: When Ulster Bank makes a restructuring offer, does it offer choices between two or three that might work for the customer or does it offer just one option? When it offers choices or a single option, does it also offer an explanation in writing as to why it has decided on those?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: I thank Mr. Bell.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: Does Ulster Bank offer an explanation of its decision? When it writes to someone because it believes he or she can get out of the situation through an economic concession or split mortgage, does it explain why?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: My final question refers back to the example the Chairman raised and the question asked by Deputy Doherty. The Chairman made the point that the bank will potentially write-down a substantial amount of debt once it has been re-categorised from mortgage debt to unsecured debt as part of a residual. The example given was that the person owes €250,000, he or she cannot afford to pay so...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: If that is the case, the question that puzzles me is why anybody would voluntarily surrender the house, which is the crux of what was being asked earlier.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)
Stephen Donnelly: Is the witness comfortable that even in cases where they have chosen to do that, workable solutions were offered by Ulster Bank which would have kept them in the house and afforded them a reasonable standard of living?