Written answers

Thursday, 27 February 2014

Department of Finance

Mortgage Arrears Proposals

Photo of Martin HeydonMartin Heydon (Kildare South, Fine Gael)
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84. To ask the Minister for Finance the number of split mortgage arrangements that have been agreed by the pillar banks with their mortgage holders; if this number is increasing in line with the demand for alternative arrangements by those with significant debts; and if he will make a statement on the matter. [10305/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I wish to advise the Deputy that Bank of Ireland and AIB will announce their annual results for 2013 on the 3rd March and 5th March respectively. I have been informed by both banks that further detail in relation to their progress in dealing with mortgage arrears including the use of split mortgages will be contained in these financial statements.

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