Written answers

Tuesday, 5 February 2019

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

169. To ask the Minister for Finance the number of mortgage loans, that is, private dwelling homes and buy-to-let, respectively within each sale (details supplied) that were in arrears of at least one day, in arrears of over 90 days and in arrears of 720 days or over; and if he will make a statement on the matter. [5507/19]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

PTSB has confirmed the following in relation to Project Glas and Project Glenbeigh:

"Permanent TSB (the “Bank”) announced details of Projects Glas and Glenbeigh in July and November 2018 respectively.

"The Bank confirmed that the average arrears time of loans in the Glas Portfolio was 3.5 years. The Bank further confirmed that all of the loans in Glenbeigh Portfolio were meeting the terms of agreed restructuring arrangements.

The Bank did not publish or make publically available further information on the arrears profile of the aforementioned portfolios as this was, and is, considered commercially sensitive information."

In relation to Ulster Bank's Project Scariff, as the bank is an independent commercial company, I can confirm that the information requested by the Deputy is not held in the Department of Finance.

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

170. To ask the Minister for Finance if an analysis has been carried out on the number and value of mortgages that will be owned by non-bank entities if sales processes already notified proceed by the nature of the entity (details supplied). [5508/19]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Information on the number and value of mortgages owned by banks and non-banks can be found in the Central Bank of Ireland quarterly statistics on mortgage arrears and repossessions on Principal Dwelling Houses (PDHs) and Buy to Lets (BTLs). At present, the information on non-banks is broken down by retail credit firms and unregulated loan owners.

The latest statistics, in respect of Q3 2018, were published on 18 December 2018 and can be found at: .

I have been advised by the Central Bank that it is aware of forthcoming transactions through supervisory engagement with the banks and retail credit firms and the Central Bank ensures that these transactions are reflected in the latest mortgage arrears statistics as they are published.

Comments

No comments

Log in or join to post a public comment.