Results 6,801-6,820 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Has the loan schedule reduced significantly?

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

Ciarán Lynch: I have one final question before bringing in Deputy Michael McGrath. Are targets now being given to bank staff with regard to reaching a certain number of mortgages to be issued for 2014? Has the staff of Permanent TSB been given targets in that area?

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

Ciarán Lynch: I wish to chase this issue, which I will be pursuing with all the banks. The concern is that one downside of seeing growth in home purchasing is that a bubble might be recreating itself again. In respect of loan-to-value ratios, is the LTV applied to the purchase price or the valuation? For example, were I to buy a house for €200,000 in the morning and were I to borrow...

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

Ciarán Lynch: I call Deputy Kieran O'Donnell, who I believe is sharing his time with Deputy Harris.

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

Ciarán Lynch: The Deputy has a couple of minutes left.

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

Ciarán Lynch: I do not want the Deputy to go into the specifics of this. Will he approach this in general terms like how customer communications are developing?

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

Ciarán Lynch: No, I am not allowing the Deputy to continue in this specific way. I made it clear to Deputy Harris about approaching this from a general policy position.

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

Ciarán Lynch: I will give you back your time. I want to be very clear that I am not going to allow specific cases to be raised.

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

Ciarán Lynch: You were quite specific. Will you proceed on a more general basis?

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

Ciarán Lynch: Although the Senator is in a rush - I can bring her back in later - she must allow the witness to answer her question.

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

Ciarán Lynch: There is no point in asking a lot of questions if the witnesses cannot respond.

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

Ciarán Lynch: I can bring the Senator in again because this will continue.

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

Ciarán Lynch: If the Senator would listen for a second, I am trying to assist her. She is half way through her time and there are a number of other speakers. If she returns after the vote in the Seanad, I will allow her to contribute again.

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

Ciarán Lynch: I will address that point before bringing in Deputy Donnelly. This is something that was dealt with in a previous series of meetings. It is the matter of sustainable solutions that may transfer into a person's retirement phase. The resolution process seems to be very much about sorting out debt during a person's working life, if not through the determined period of the schedule of 20 to 25...

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

Ciarán Lynch: That applies in some cases but we know from the likes of medical card applications that some pensioners have income of thousands of euro every week. There are thresholds in that respect. I am not talking about somebody in receipt of the non-contributory pension but rather somebody who has been in the public or private sector with a considerable pension income. The certainty in such pension...

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

Ciarán Lynch: Some sort of advocacy support.

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

Ciarán Lynch: How many of the appeals are successful?

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

Ciarán Lynch: That refers to earlier decisions overturned.

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

Ciarán Lynch: One member has asked me to deal with one question about an outstanding issue. We will look for this from all the banks. I do not expect the witnesses to have this information to hand, but they can inform us of it at their earliest convenience. Can the witnesses tell us the total estimated amount in value terms of negative equity in respect of all owner-occupier mortgages?

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

Ciarán Lynch: In cash terms, how much is the value of the PDH sector?