100. Deputy Jonathan O'Brien asked the Minister for Finance if, when banks increase the standard variable mortgage rate on a mortgage that is 90 days or more in arrears, they are automatically assessed to not have provided a sustainable solution to the distressed borrower in the context of the target for banks to have offered at least 20% of their distressed mortgage borrowers sustainable solutions by the end of June 2013. [23953/13]

Summary

100. Deputy Jonathan O'Brien asked the Minister for Finance if, when banks increase the standard variable mortgage rate on a mortgage that is 90 days or more in arrears, they are automatically assessed to not have provided a sustainable solution to the distressed borrower in the context of the target for banks to have offered at least 20% of their distressed mortgage borrowers sustainable solutions by the end of June 2013. [23953/13]

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• Mortgage Resolution Processes

  xml · EN · 21 May 2013

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