26. Deputy Bernard J. Durkan asked the Minister for Finance if the purchase of loan books by unregulated third parties is having a negative effect on mortgage resolution with particular reference to the tendency for some lenders to pursue the last option first, voluntary sale-repossession, as opposed to restructuring; if cognisance is taken of the need to ensure that the family home is protected and that restructuring is applied for at least a period of four years, and that borrowers in respect of the family are given the benefit of the policy pursued nationally in the context of the bailout; and if he will make a statement on the matter. [41739/14]

Summary

26. Deputy Bernard J. Durkan asked the Minister for Finance if the purchase of loan books by unregulated third parties is having a negative effect on mortgage resolution with particular reference to the tendency for some lenders to pursue the last option first, voluntary sale-repossession, as opposed to restructuring; if cognisance is taken of the need to ensure that the family home is protected and that restructuring is applied for at least a period of four years, and that borrowers in respect of the family are given the benefit of the policy pursued nationally in the context of the bailout; and if he will make a statement on the matter. [41739/14]

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• Mortgage Resolution Processes

  xml · EN · 5 November 2014

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