IBRC Liquidation

Dáil Éireann Debate, Tuesday - 5 March 2013

Tuesday, 5 March 2013

Questions (144)

Pearse Doherty

Question:

144. Deputy Pearse Doherty asked the Minister for Finance if his attention has been drawn to the distress to mortgage holders at Irish Nationwide/Irish Bank Resolution Corporation whose mortgage was not processed as usual as a result of the liquidation of IBRC; if he will guarantee that these mortgage holders will not suffer financially, including through credit reputation, because of the delays; and the steps he will take to ensure that they can return to a monthly budgeting with confidence. [11074/13]

Written answers

Minister for Finance

I have been advised by the special liquidators that letters have been sent to all residential mortgage holders to notify them that normal mortgage payment services will resume in time for the next scheduled Mortgage Loan payment in March 2013. The letter also notifies the mortgage holders that they have until 30 April 2013 to make payment of the missed February 2013 payment that was not processed as normal as a result of the appointment of the Special Liquidators. The special liquidators have also indicated that the missed payment will be processed at no additional cost, penalty or expense to the mortgage holder provided payment is made by 30 April 2013.