Dáil Éireann Debate, Tuesday - 2 May 2017
284. Deputy Michael McGrath asked the Minister for Finance the policies in place for banks dealing with circumstances in which persons who are joint mortgage holders separate and the agreement provides for the mortgage to be in one name only; if the Central Bank has put in place a policy for banks to enable the removal of a person from a mortgage in this instance; and if he will make a statement on the matter. [20500/17]
Amharc ar fhreagraI am informed by the Central Bank that in general both parties to a joint mortgage are jointly and severally liable for the debt. The removal of persons from a mortgage agreement is a matter governed by contract law and the Central Bank is therefore limited in what it can prescribe in this area.
If the Deputy has a particular concern in relation to this issue, and wishes to provide me with more information, I would be happy to make the relevant enquiries.
