Results 4,721-4,740 of 16,285 for speaker:Peadar Tóibín
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: 6. To ask the Minister for Finance his plans for new initiatives to tackle the mortgage arrears crisis and the cases of long-term arrears in particular. [1337/16]
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: This question also relates to mortgage arrears. I do not believe that a householder in mortgage arrears which exceed the value of the house would consider a property tax a wealth tax. Also, the banking sector does not exhibit proper competition. It is, in effect, an oligopoly, with 85% of the market in the hands of two banks.
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: There are 91,291 families in mortgage arrears. If one accepts that there are typically three people in a household, this means approximately one third of a million people-----
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: I usually get 30 seconds to do so.
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: One third of a million families are locked into struggles on this issue.
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: The point I was trying to make earlier is that typically there are three people in a household and that given there are 91,000 mortgages in arrears this means that nearly one third of a million people are locked into this struggle, most of whom are people in my age category and are likely to have young families. There is a real human tragedy at the heart of this particular issue. It is...
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: -----this means that problems are either being kicked down the road or that a family will lose its home. Given this human catastrophe, which is affecting almost one third of a million people, what new initiatives does the Government propose to introduce to alleviate the pain for these families?
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: The problem I have is that voluntary repossessions are often recorded as solutions. I have worked with more than 100 people in mortgage distress. Voluntary repossession is often a euphemism for, "There's no choice left for you but to go". I would like to focus at this point on the mortgage-to-rent scheme. According to the Labour Party, 3,500 people will avail of this scheme. Since...
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: It is Question Time.
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: I am building the context of the question, a Cheann Comhairle.
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: The point is that the State-owned banks have delivered only 15 mortgage-to-rent solutions.
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: I understand there has been-----
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: There are elements of what the Government has done that we believe are unfair. What new initiatives is the Government-----
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: -----going to introduce to ensure this-----
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: A Cheann Comhairle, this-----
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: A Cheann Comhairle, in fairness-----
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: The Minister, when responding, was given more than five minutes to do so.
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: We get very little time to ask questions.
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: If the Ceann Comhairle did not continually interrupt me-----
- Other Questions: Mortgage Arrears Proposals (14 Jan 2016)
Peadar Tóibín: It is very hard for me to ask my question when I am being constantly interrupted.