Written answers

Thursday, 18 September 2014

Department of Finance

Mortgage Resolution Processes

Photo of Finian McGrathFinian McGrath (Dublin North Central, Independent)
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71. To ask the Minister for Finance if he will support a matter (details supplied) regarding mortgage issues; and if he will make a statement on the matter. [34875/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware under the Relationship Framework the State does not intervene in the day to day operations of the banks or their management decisions regarding the treatment of mortgage issues as it is a matter for the individual board and management teams of the banks.

I have been advised that Permanent TSB can only legally engage with its customer, the borrower, or an agent appointed on his behalf.

Permanent TSB has confirmed that it will continue to try and engage with its customer to enter into a sustainable restructure even while repossession proceedings are underway. I would urge the Deputy's constituent, or a representative on her behalf, to continue to try to get the borrower to engage constructively with Permanent TSB.

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