Aideen Hayden (Labour) | Oireachtas source

I echo the concerns of both of my colleagues. Perhaps this is an issue to which the Minister might return. In certain situations in which firms have removed themselves from the Irish market but, for the sake of argument, still own mortgages in the Irish market, even where those mortgages are performing, letters are being sent to those with loans - people have come to me with copies of such letters - which imply that if one does not get in touch with the lender advising how one intends to repay the loan in the longer term, or if one does not update it on one's current financial situation, one is in default. That is not the case. I am concerned that a number of people feel they are being pushed towards an early redemption of their mortgage in circumstances in which lenders no longer wish to be engaged in the Irish market. It is an issue that I will be keeping an eye on, but I draw it to the Minister's attention.