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Seanad
‹ Order of Business

Mortgage arrears debate

Summary

Senators seek an early debate on mortgage distress and welcome more flexible arrangements from Permanent TSB and other financial institutions.

I am glad to note the softer, calmer tones of Senator MacSharry this morning. I want to join him in calling for a debate on a matter early in the next session.

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I remember earlier in-----

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Earlier in which?

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Was the Senator in Young Fine Gael?

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Originally, I was one of the so-called young tigers but I will not comment further.

I welcome what Senator MacSharry said in a general sense. It is good to know that PTSB and some of the other financial institutions are at last making more amenable longer-term arrangements for mortgage holders who are in serious distress. I am sure the Leader will oblige in arranging a debate on that matter early in the new session - I think Senator MacSharry said early in the new year but I am sure he meant to say early in the new session.

As regards Senator Norris's charge about a bribe or inducement to a Senator, I am sure that if that were ever such a thing in respect of that Senator or any Senator, it would be correctly reported to the proper authorities.

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