Thursday, 16 February 2012
Dáil Éireann Debate
63. Deputy Clare Daly asked the Minister for Finance the steps he will take with mortgage providers to request that they freeze all mortgage accounts of residents of Priory Hall, Dublin, with no effect on credit rating, pending resolution of the problems in the area. [8944/12]
70. Deputy Seán Kenny asked the Minister for Finance the steps he will take with the Bank of Ireland, the EBS and the Bank of Scotland Ireland to request them to comply with the application by Priory Hall home purchasers for a moratorium on their mortgages while they are out of the homes, by order of Dublin City Council fire officer, and forced to rent alternative accommodation, while they are waiting for a resolution of their case by the Supreme Court. [9018/12]
The lending institutions in Ireland, including those in which the State has a significant shareholding, are independent commercial entities. A mortgage agreement is a contract which cannot be altered without the consent of the parties. I, as Minister for Finance, have no powers in this regard and cannot require the lenders to alter contracts to accept a suspension in mortgage repayments.
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